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Thursday, 14 June 2018 15:51

Abu Dhabi Ports adds blockchain system

Abu Dhabi Ports’ subsidiary Maqta Gateway has become the first Abu Dhabi entity to develop and launch its own blockchain-based system, called Silsal. The new setup will combine blockchain and unique digital user identities to securely link stakeholders within the transport chain.

The Port of Brisbane has announced the launch of a proof of concept ‘Trade Community System’ application, developed with PwC Australia and the Australian Chamber of Commerce and Industry, which employs blockchain technologies to improve efficiency in the movement of goods through the port.

A.P. Møller-Maersk has confirmed that it has begun using a new blockchain platform for marine hull insurance called Insurwave, having acted as the pilot client for the system built by a joint venture between EY and Guardtime.

Hyundai Merchant Marine has announced that it is to work with tech giant Oracle on the development of a next-generation IT system, built on a Cloud-based infrastructure.

OW Logistics reports that it has begun trial shipments using 300cubits’ blockchain system, which aims to provide certainty to shippers that their products will sail on the intended vessel, and assurance for carriers that ‘no shows’ will be minimised.

Denmark’s Ministry of Industry, Business and Financial Affairs has announced its intention to implement blockchain technologies to reduce the administrative burden faced by vessel operators in the maritime sector.

Lloyd’s Register Foundation (LRF) and Blockchain Labs for Open Collaboration (BLOC) have announced a funding partnership to set up Maritime Blockchain Labs (MBL), a new research initiative to explore the potential application of blockchain technologies in the global maritime industry.

Container shipping blockchain start-up 300cubits has announced the successful completion of the first trial shipment in its smart contract system, deployed on the Ethereum blockchain.

Tuesday, 06 February 2018 12:14

TEU cryptocurrency gets Coopernic Group boost

300cubits’ roll out of its TEU cryptocurrency for the shipping industry has received a boost with the news that members of Coopernic Group, a strategic buying alliance from Europe, have confirmed their participation in the project by joining the Shipper Sign-Up Scheme for the new crypto tokens.

The seemingly endless stream of maritime blockchain projects has had another addition with the launch of a new cryptocurrency called SHIPs (Shipping Industry Participations), which aims to tokenise marine assets to allow them to be traded in small chunks, opening up the asset financing market to a wider range of smaller participants.

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