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In May 2017, Deloitte tweeted that 10% of global GDP would be built on top of blockchain applications. This huge and ambitious claim was made because of the transformative nature of the technology and the effect it will have on society. For logistics and transportation, it will have a bigger impact promising to shake up the $8T industry.

What is blockchain?

To put it simply, a blockchain is like a database, it’s a way of storing records of value and transactions. However, calling blockchain a new type of database is like saying email is a new way of sending people letters. While the blockchain is a database, that definition doesn’t explain the true genius behind how the blockchain stores records of value and transactions.

We continue our coverage of the technology and the impact on the freight markets and society as a whole.

FreightWaves Staff Tuesday, July 2, 2019

Hapag-Lloyd, ONE sign on for IBM-Maersk blockchain group

Hapag-Lloyd (FSE: HLAG) and Ocean Network Express (ONE) says they will join the TradeLens blockchain platform developed by Maersk (Nasdaq OMX: MAER.B)  and IBM (NYSE: IBM). The fifth- and sixth-largest carriers respectively, Hapag-Lloyd and ONE join CMA CGM and Mediterranean Shipping Company (MSC) in using the platform. TradeLens now extends to more than half of […]

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