Shipping Industry Turns to Blockchain for Supply Chain Management

The video discusses the transformative potential of blockchain technology in the shipping industry, highlighting IBM's Trans Lens platform. It covers the benefits of increased transparency, reduced administrative costs, and improved efficiency. The discussion also addresses challenges such as cost distribution and data ownership. Examples from the retail industry, like Food Trust, illustrate blockchain's broader applications. The video concludes with insights into the adoption pace and the need for industry-wide collaboration.

What are the two major additions announced by IBM to its blockchain platform?

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How does the addition of MSC and CMA to the Tradeline blockchain impact the shipping industry?

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What percentage of global trade is represented by the $4 trillion worth of goods shipped annually?

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What are the administrative costs associated with shipping, and how do they affect the industry?

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How does blockchain technology aim to reduce inefficiencies in the supply chain?

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What are the potential savings for shippers when using blockchain technology?

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What challenges do shippers face in adopting blockchain technology?

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