Future seafarers from the Maritime Academy of Asia and the Pacific (MAAP) are no longer required to carry voluminous certificates when they depart for sea duties to oceangoing vessels.
Sailing at full speed ahead on its bid to go paperless, MAAP reportedly launched an e-wallet that would hold the records of cadets from enrollment to graduation, deploying blockchain.
As an added layer of security, the cadets can’t tamper with the records mentioned in the e-wallet while the details get backed up in the MAAP’s central server. The institution further confirms that seafarers will be permitted to use an e-wallet for their lifetime, but vessel owners and staffing firms can also be charged to use this service.
MAAP’s president showed optimism that the success of the e-wallet could act as a catalyst for other maritime institutions to adopt distributed ledgers to digitize operations.
Through the offerings, the requirement for seafarers to bear the risks of damage to documents by keeping them at sea is now minimized or eliminated.
Southeast Asia to embrace DLT
Southeast Asia has reportedly emerged as one of the industry-leading regions regarding DLT adoption, with non-fungible tokens (NFTs) and the metaverse contributing to the metrics.
In the Philippines, about 89% of the working-class population has been pining for a switch of office operations to the metaverse, per research from Ciena.
85% of respondents from the Philippines can imagine their organization launching advanced virtual reality space platforms into their existing work processes, and more than two-thirds (69%) envision that their organization will move away from static collaboration tools and welcome more virtual-reality-based or immersive environments in the next three years, mentioned the report.
The Blockchain Council of the Philippines has reportedly been introduced to promote the adoption of DLT in the country with thawithe goal of being the blockchain capital. Tech majors are gradually pivoting toward DLT, with Twala reportedly leading the charge by offering digital IDs.
References: Coingeek, The Manila Times