Coinatory

One of the largest shipping companies in the world reported today that it has launched a solution based on Blockchain technology. After a series of accidents involving an incorrectly weighed cargo, the International Maritime Organization introduced in 2016 the requirement for verification of the gross mass (VGM) under the Convention on the Safety of Life at Sea (SOLAS). Kuehne + Nagel now reports that they are using Blockchain technology "in a large-scale operating environment with 800,000 transactions per month" for their VGM ... Read more about " Shipping giant Kuehne + Nagel launched a solution based on Blockchain " on coinatory.com

One of the world"s leading logistics companies, UPS filed an application for registration in the Bureau of Registration of Patents and Trademarks (USPTO) for the rights to use blockchain technology as part of a distributed system for sending parcels around the world. An application called "Autonomous Service of the Selection System and Distributed Transport Databases" is a concept that implies the storage of data in a distributed registry system, including information on the designation of the package, its movements and the transportation ... Read more about " UPS patents the blockchain for tracking " on coinatory.com

IBM and the Danish shipping company Moller Maersk are developing the TradeLens blockchain platform for the documentation of real-time cargo transportation. Access to the platform will have business representatives and regulators. Information about this is contained in the press release of IBM. The TradeLens platform will enable freight carriers to organize convenient financial document circulation. The technology of blockchain will be used in the platform to ensure a high level of confidentiality and data security. According to Forbes, ... Read more about " Maersk led the blockchain into the open sea " on coinatory.com