Shipping: IBM, Maersk Are Creating a New Blockchain Company | Fortune

February 1, 2018

Presently, many shipping supply chains are bogged down by a morass of paperwork shuffled between a glut of middlemen, Wieck says. Documentation, which when lost or delayed causes perishable goods lying in wait to spoil, can end up costing as much as a fifth of the total expense of physical transportation.

According to a 2013 study by the World Economic Forum, reducing the friction around information-sharing and border administration when it comes to international trade “could increase GDP by nearly 5% and trade by 15%”—a boost that amounts to trillions of dollars.

Source: Shipping: IBM, Maersk Are Creating a New Blockchain Company | Fortune, Robert Hackett, January 16, 2018

Posted in Grow, Imagine and tagged asset chain, automation, blockchain, business model, digital asset, digitization, disintermediation, disruption, enterprise, guillaume, hyperledger, ibm, innovation, maersk, michael, provenance, supply chain

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