No more mountains of paperwork?
Global supply chain to be bolstered by blockchain joint venture
A joint venture between IBM and shipping giant Maersk will use blockchain in the movement and shipment of goods around the world.
The IBM and Maersk joint venture will therefore provide more efficient and secure methods for conducting global trade using blockchain technology.
It seeks to “jointly developed global trade digitisation platform built on open standards.”
This includes using blockchain to help shipping companies and traders move and track their goods across international borders digitally, with greater transparency, security, efficiency and simplicity.