Shipping industry takes a page from bitcoin to clean up its act


As part of a larger shift toward transparency, the shipping industry is exploring blockchain technology through a collaboration between Blockchain Labs for Open Collaboration and Frontier Sky. Together, they applied blockchain technology – in this case, apps on their smartphones – at every step of the shipping process, to verify the contents, contracts, and delivery of the process. The industry moves around $4 trillion in cargo annually, and in the global shift to decrease emissions, such technology may be a way forward.

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