Global Maritime Hub Logo
No Result
View All Result
  • Login
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Broker
    • Certification
    • Consultant
    • Industry Association
    • Institute & Think Tank
    • Legal Experts
    • Official Institution / Body
    • Port & Port Authority
    • Recruitment Specialist
    • Research & Market Data
    • Shipping Company
    • Industry Blog
    • Trade Media
    • Training & Education
  • Other Hubs
    • GLOBAL LNG HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Cart / €0.00

No products in the cart.

  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Broker
    • Certification
    • Consultant
    • Industry Association
    • Institute & Think Tank
    • Legal Experts
    • Official Institution / Body
    • Port & Port Authority
    • Recruitment Specialist
    • Research & Market Data
    • Shipping Company
    • Industry Blog
    • Trade Media
    • Training & Education
  • Other Hubs
    • GLOBAL LNG HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login
Global Maritime Hub
No Result
View All Result
Home Technology

Blockhain is the Future of Logistics

Editor by Editor
7 years ago
Reading Time: 2 mins read
blockchain and trade
Share on FacebookShare on TwitterShare on Linkedin

Bitcoin is a digital payment system, and a cryptocurrency, invented by an anonymous programmer, or a group of programmers, under the name Satoshi Nakamoto. It is a peer-to-peer transaction system which takes place without the help of third parties, where transactions are verified by independent nodes, known as miners, and recorded on a public global ledger known as Blockchain.

RELATED POSTS

LNG-fueled-Container- Ships

LNG-fueled Container Ships make up over half of the entire orderbook

1 month ago
China-shipping

Chinese shipping under the telescope of the U.S. Trade Representative

4 months ago
Liner-Shipping- Alliances

A new setup for liner shipping alliances

5 months ago

In Blockchain, every participant maintains a copy of the shared ledger. The ledger is secure because each new block of transactions is linked back to previous blocks in a way that makes tampering practically impossible. Each transaction on the blockchain is recorded in code showing who the parties are, transaction details, and time stamp with a unique cryptic signature.

This digital signature is key, and allows each block of information to be securely connected to the rest. It is this system of full transparency, and connectedness, that lends the blockchain its trust and credibility. The exciting thing is that the blockchain protocol can be used for non-currency purposes, too, and is now revolutionizing the business world – especially the supply chain.

BLOCKCHAIN HAS THE POTENTIAL TO CHANGE THE ENTIRE ECONOMIC WORLD, AND THERE ARE MANY WAYS THAT BLOCKCHAIN CAN BENEFIT THE SUPPLY CHAIN.

First of all, it can replace most of the slow and manual processes. Supply chains have reached a point where they can handle very complex datasets, but most processes are slow, manual, and dependent on paper. By recording those values on blocks, the results of these processes can be seen at all ends at the same time, which makes most steps of the shipping process very fast.

Secondly, it will strengthen traceability, and can help identify fake products. Since all processes are recorded on blocks, and can be seen by all parties and almost impossible to delete, it is easy to trace processes, check timestamps, and see where products have been so far.

SEE FULL ARTICLE (MTS WEBSITE)


RELATED POSTS

LNG-fueled-Container- Ships

LNG-fueled Container Ships make up over half of the entire orderbook

1 month ago
China-shipping

Chinese shipping under the telescope of the U.S. Trade Representative

4 months ago
Liner-Shipping- Alliances

A new setup for liner shipping alliances

5 months ago
Tags: BlockchainMTS
Editor

Editor

Related Posts

LNG-fueled-Container- Ships
Bunker Fuel

LNG-fueled Container Ships make up over half of the entire orderbook

1 month ago
China-shipping
Featured

Chinese shipping under the telescope of the U.S. Trade Representative

4 months ago
Liner-Shipping- Alliances
Featured

A new setup for liner shipping alliances

5 months ago
trade-wars
Policy

2025 U.S. tariffs and their impact on global trade

5 months ago
Charter-rates
Policy

Container charter market back in full steam

7 months ago
ocean-freight
Featured

Machine learning to predict future ocean freight rate movements

8 months ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

'large-cap'-valuation

Six public container carriers hit ‘large-cap’ valuation in May

June 12, 2025
LNG-series

ZCIS delivers first of LNG series to MSC

May 29, 2025
MABUX-Index-W-24

Bunker fuel outlook, Week 24

June 12, 2025

Recent Post

Charter-market

Charter market maintains robust trajectory

June 19, 2025
alliance-fleets

Carriers assign up to 80%of their capacity to alliance fleets

June 19, 2025
MABUX-Index-W-25

Bunker fuel outlook, Week 25

June 19, 2025
Global-Maritime-Hub- Logo

Online platform for sharing information & analysis on trade, shipping, ports and the maritime business more info

Categories

  • Shipping Economic Trends & Regions
  • Ports & Terminals
  • Piracy & Security
  • Emissions, Fuel Technology & Environment
  • Economic Impact
  • Financing
  • Ship Building
  • Hinterland & Intermodal
  • Offshore Vessels
  • Port Environmental Impact
  • Shipping Workforce

Recent Posts

Charter market maintains robust trajectory

Carriers assign up to 80%of their capacity to alliance fleets

Bunker fuel outlook, Week 25

Weekly Updates

Sign up to receive our weekly newsletter (each Thursday) with new shipping industry market reports, presentations & analysis.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 GlobalMaritimeHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Premium Content
  • Blog
  • Events
  • Industry Links
    • Broker
    • Certification
    • Consultant
    • Industry Association
    • Institute & Think Tank
    • Legal Experts
    • Official Institution / Body
    • Port & Port Authority
    • Recruitment Specialist
    • Research & Market Data
    • Shipping Company
    • Industry Blog
    • Trade Media
    • Training & Education
  • Other Hubs
    • GLOBAL LNG HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
    • GLOBAL HYDROGEN HUB
    • CRITICAL MINERALS HUB
  • FREE TRIAL
  • My account
  • Login

© 2020 GlobalMaritimeHub | All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Brighten Up Your Thursday!

SIGN UP to receive our free weekly newsletter with new shipping market reports, presentations & analysis! EVERY THURSDAY!