Blockchain Technology in Maritime Trade

February 21, 2019

To continue reading, sign up for MEDICI Inner Circle and get free access for 7 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.
MONTHLY ANALYSIS

The cost and size of the world’s trading ecosystems continue to grow in complexity. More than $4 trillion in goods are shipped each year, and more than 80% of the goods consumers use daily is carried by the ocean shipping industry. The maximum cost of the required trade documentation to process and administer many of these goods is estimated to reach one-fifth of the actual physical transportation costs. According to the World Economic Forum, by reducing barriers within the international supply chain, global trade could increase by nearly 15%, boosting economies and creating jobs. – IBM

Indeed, shipp ...

Read and learn about topics you are interested in.

 

DON'T MISS OUT