menu

Maersk And IBM Are Bringing Blockchain To The Global Shipping Industry

Maersk And IBM Are Bringing Blockchain To The Global Shipping Industry
Consumer Goods

This program will help manage and track the paper trail of tens of millions of shipping containers traveling the globe

Zack Palm
  • 16 march 2017

International Business Machines (IBM) and Maersk, the world’s largest container shipping company, have come together to create a digitized supply chain pilot. This program is based off of the Hyperledger Fabric, which manages and tracks the paper trail of tens of millions of shipping containers traveling the globe. They call it a ‘Blockchain’.

The Blockchain would reduce the cost and complexity of keeping track of this information. In 2014, Maersk discovered that the paperwork for a shipment of refrigerated goods often goes through 30 different people from different organizations, causing errors and fraud. As a solution to this, the Blockchain gives all the organizations involved a clear overview of the shipment items and the shipping status. No party involved can change, modify or delete any of the records in the Blockchain without permission from the other parties involved.

IBM and Maersk intend to have 10 million of the 70 million annual container shipments on the Blockchain by the end of 2017.

IBM | Maersk

+blockchain
+consumer goods
+digitized supply chain
+hyperledger fabric
+IBM Maersk
+retail
+shipping
+shipping container
+technology

More in retail

retail

Meal Delivery Kits Are Expanding To Pets

Ollie is a subscription service that tailors meals to your dog's nutritional needs

19 October 2017
retail

Adidas Bids For The Future Of Footwear Production With Speedfactory

The groundbreaking manufacturing process is tailored to cities and optimized for athletes

19 October 2017

The Latest

Event

To move beyond novelty activations and one-time gimmicks, PSFK equips marketers with the insights, templates and analytics to develop high-reach campaigns that meet consumers in the moment, collect and build upon experiential data, and build scale through content creation.

October 18, 2017
Video

Christina Agapakis of Ginkgo Bioworks describes how the incredible feats of biology can be integrated into human-driven design. For more head over to psfk.com

September 27, 2017
No search results found.