derram ago

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Maersk and IBM aim to get 10 million shipping containers onto global supply blockchain by year-end

'IBM and Maersk, the largest container ship operator on the planet, have completed an end-to-end digitised supply chain pilot using distributed ledger technology. '

'In carrying out a test case using avocados from Mombasa to Rotterdam, IBM calculated the cost of the movement of the shipping container itself was about $2000. '

'Of the 70 million containers shipped each year, the goal is get 10 million of them on this blockchain by year-end, said IBM. Container shipping equals about half the value of all maritime trade – a large chunk of global GDP. IBM reckons that going entirely digital could save shipping carriers about $38bn per year. '

'Customs and other carriers will come on and they will all be running their own blockchain nodes. '

'Some 70 million containers are shipped every year; we would love to get to 10 million containers by the end of this year. '

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