Use Of Blockchain Helps Speed Global Shipping Transactions
Oracle News, November 1st, 2019
November 1, 2019,
Volume 259, Issue 5

While ocean shipping has been steadily growing in recent years, multiple pressures are impacting the predictability of the far-flung supply chains and pressuring industry profits

"Key to navigating these challenges for shippers, ocean carriers, terminal operators, and other parties involved with shipping ocean freight is better visibility and real-time access to information.

That's a challenge given the sheer number of participants in a single shipment - and often leads to delays, disputes, and significant extra costs for shippers and carriers. But things are changing thanks to the help of emerging technology and the formation of a new blockchain consortium in this space pioneered by CargoSmart..."

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