COPENHAGEN - Two of the world’s biggest shipping groups will join a Maersk led blockchain platform aimed at boosting efficiency and limiting the enormous paper trail of global container shipping.
More than 100 companies, ports or authorities, such as Procter & Gamble and U.S. Customs and Border Protection, have signed up for the platform led by Copenhagen-based Maersk, the world’s largest container shipping company.The participation of key players in the platform, launched last year in collaboration with IBM, is seen as crucial for cutting costs in an industry that has seen little innovation since the container was invented in the 1950s.
The technology powers the digital currency bitcoin and enables data sharing across a network of individual computers.