Giant commodities trader Mercuria announced in January that it would employ blockchain technology to sell an oil cargo to ChemChina. This month, IBM revealed a blockchain collaboration with Maersk to track its cargo.
Previously, blockchain served as the foundation to secure bitcoin transactions. Now, it promises to supersede hundreds of years of maritime commercial practice by replacing bills of lading and attendant transactional documents, substituting a secure online mechanism to buy and sell goods.
Maritime
