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by eksemplar
3259 days ago
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I heard Maersk were using it for container shipping forms. Because a shipping form gives you global ownership of a container and because corruption, the security required to handle shipping forms pre block chains meant it was more expensive to ship the form than the container, and still it wasn't completely secure. The block chain shipping form solved this issue completely because you can never fake forms or hide when ownership of a container changes hands. You could frankly do something similar for public records of landownership, which might not be important in the west where corruption is low, but could revolutionize the third world. |
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This is in early days in Maersk, who are an early adopter in shipping. Most in shipping have never heard of blockchains, and international standards like ICP600 have yet to mention it, banking trade departments not touching it yet (for things like LCs); Maersk are using internally and on small scale.
Very early ground. But a good starting point. Blockchains for shipping are pre-beta, but that doesn't mean testing isn't happing, yes.