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Tuesday, March 07, 2017

Tracking Ships, Containers with Blockchain

Another example of the used of blockchain as a database, a secure open distributed ledger.

The blockchain heads out to sea as IBM and Maersk develop ship tracking platform By Duncan Riley   In SiliconAngle:

The blockchain is heading out to sea with IBM Corp. and shipping operator A.P. Moller–Maersk Group (most commonly known as Maersk) teaming up to track shipping transactions using the technology that powers bitcoin.

The tracking system is being built on top of The Linux Foundation’s Hyperledger platform and will link shippers, freight forwarders, ocean carriers, ports and customs authorities with a goal to track 10 million shipping containers by the end of this year, some 14 percent of the 70 million containers shipped globally each year.

IBM estimates that the digitization of the supply chain process from end to end could save shipping carriers a whopping $38b billion a year.  .... " 

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