How Is Blockchain Transforming Shipping Finance?
The penetration of Blockchain technology into Shipping started a while back and is now mature enough to be brought onto the financial infrastructure of Maritime as well.
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The penetration of Blockchain technology into Shipping started a while back and is now mature enough to be brought onto the financial infrastructure of Maritime as well.
The monthly meetup done by Institute of Charterer and Ship Brokers, Middle East chapter organized a unique session on ‘Blockchain Enabling Evolution in Shipping Finance’ which was sponsored by ShipFinex.
Tokenisation is a process of creating digital assets, is becoming a critical chapter unfolding in the new financial paradigm. However, the spotlight falls on a subset of this concept, focusing on representing real-world assets in the digital space. As a result, a new financial opportunity has emerged using old and proven asset classes by simply representing these assets through digital tokens.
As a storm, Web3 has taken over a few industries already, including finance. The maritime industry has already started experiencing the wonders of Web3 in a few aspects. However, the Web3 moment in the maritime industry is just starting and that is what we are here to discuss.
ShipFinex is creating a convergence between 2 trillion-dollar markets, converging the two industries into a single solution through a multi-layer infrastructure setup, bringing tokenisation of assets in the maritime industry to address the liquidity flow in the maritime economy, making shipping assets accessible for everyone through Web3-based tools.
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