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IBM and Maersk Blockchain Shipping Solution Pushes Forward

30th April 2018 BCTechreportbctech, bctech report, blockchain, blockchain import export, blockchain news, blockchain regulations, blockchain shipping, blockchain stock exchange, blockchain supply chain, blockchain technology, blockchain technology news, distributed ledger technology, ethereum, financial blockchain technology, hyperledger fabric, ibm blockchain, ibm hyperledger, IBM Maersk blockchain, investing, maersk blockchain, peer to peer network

The IBM – Maersk blockchain shipping solution, has been developed to streamline the process and reduce the world’s total $1.8 trillion annual shipping costs. Some the biggest players in the industry have participated in the Pilot, including the U.S. Customs Authority. Now Agility, a global third-party logistics provider, joins in the project. Maersk have said the joint venture, will be based in New York and could be up and running by July, pending regulatory approval in some countries.