Japanese Shipping Giant, IBM to Trial Blockchain in Cross-Border Trade

Japanese shipping firm Mitsui OSK Lines (MOL) and partners including IBM are to undertake a blockchain proof-of-concept looking to streamline international trade flows.

According to the company’s statement, the “demonstration test” will see real-time trade transactions made using a blockchain-based application. The project will see trade agreements, logistics and insurance documents, and more, digitized, stored and shared among participants, bringing a number of benefits over traditional trade systems.

You can read the full article written by Sujha Sundararajan here.

Image is taken from Coindesk same link as above.

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