• The ancient business of shipping may be changed by blockchain technology (Photo of cargo ships in Hamburg, Germany, by Julius Silver from Pixabay).
    Technology

    Here’s how blockchain can disrupt maritime shipping

    A report claims that emerging technologies including distributed ledgers can make shipping cargo around the world far cheaper and more efficient

    A digital revolution is sweeping the maritime shipping industry, and it’s bringing blockchain along for the ride. That change is long overdue, according to a report released on September 10 by the Inmarsat Research Programme, a division of the satellite communications company. Despite the estimate that it is a $4 trillion industry, maritime shipping has largely been untouched by the internet revolution, said Nick Chubb and Leonardo Zangaro, authors of “How Startups are Driving the Next Generation of Maritime Trade.”