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Shipping industry to go digital

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Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. The shipping industry is one that has advanced considerably in some ways, but in others is actually very behind the times. It is a market that relies heavily on paper documents and a lot of them. That plethora of paper processors has been one of the reasons shipping has lagged behind other industries in moving to electronic forms.
However, this is all about to change, as now shipping companies are considering moving into the digital era and to work out a system which will integrate blockchain technology into one vast platform. A number of different shipping lines, such as A.P. Moeller- Maersk A/S have teamed up with technology companies and they are about to revolutionize the shipping industry and upgrade the world’s most complex logistics network.
“This would be the biggest innovation in...(continued)
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