Blockchain and DNA-based fuels tracking system BunkerTrace won the Excellence in Supply Chain Management and Innovation award at the Lloyd’s List Europe Awards on Tuesday night.
The primary usage of the technology was as a payment medium, providing a quick, secure, and transparent way of collecting and transferring funds across the globe.
Following its successful trial in the Netherlands, joint venture scales up commercial operations.
The Singapore-based company also announced its partnership with cryptocurrency chat-app Consentium, and its plans to build a universal maritime ecosystem.
Blockchain technology and governance specialist recognised as having the most potential for growth in the offshore industry among the field of offshore innovators.
ZIM Integrated Shipping Services announced that it has signed on as a member of TradeLens, a blockchain-enabled digital shipping solution jointly developed by A.P. Moller – Maersk and IBM.
Blockchain technology has hit the shipping industry in a major way as many shipping companies are looking forward to making information flow more smoothly across business categories and making trade-related office procedures swifter and more efficient.
Blockchain could boost the transparency of the aquaculture sector by providing a means to trace and record the entire fish supply chain.
Over the last year, following ZIM’s November 2017 announcement regarding the first-ever pilot of paperless Bills-of-Lading based on blockchain technology, ZIM and selected leading customers have been testing the new Platform as a solution for trade activities on multiple shipping lanes.