blockchain

An industry that has traditionally been the home of strong individual players will increasingly find that collaboration and decentralisation are the keys to success, writes EY Law’s Mads Ribe

Blockchain technology is expected to have a profound impact on trade and transport, according to UNCTAD and the UNECE&rsq

5/11/2018 Source: Danish Maritime Authority - Having to travel halfway around the world, which today is common practice when ships are traded, could become a thing of the past due to digitalisation. By using Blockchain technology, the Ministry of Industry, Business and Financial Affairs aims to significantly reduce administrative burdens in the maritime sector.

The Foundation will fund BLOC to conduct three demonstrator projects and build collaborative network to explore application of blockchain technology in maritime risk and safety.