2016/09/11 5:00 AM
A research company, called Blockfreight, is unveiling their new blockchain platform. It is billed as the world’s first end-to-end blockchain solution for the global cargo shipping industry.
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Blockfreight Wants to Automate the Global Supply Chain With Blockchain-Based Cargo
According to the press release, the team seems to believe that the Blockfreight blockchain will be one of the most significant innovations to the freight industry since the advent of ISO containers sixty years ago, which standardized handling requirements.
While ISO containers standardized dimension and handling requirements, the team behind the Blockfreight blockchain claims to improve market access and financial strength in global trade. The way in which It does this is by increasing income and creating shared costs for the supply chain. Additionally, the blockchain also acts as trustless, peer-to-peer bill of laden that companies can…