Chinese blockchain conference company, Yuanben, partnered with Maritime Silk Road to launch Cryptocurrency Blockchain Shipping Solution.
They have signed an agreement to build a blockchain platform for maritime shipping. The blockchain technology as per the announcement will be used to a deliver node placement, a digital content payment certificate and a search interface for cargo tracking.
The project will involve the use of the Yuanben DNA classifying blockchain-based technology that will be used for each batch of logistics and goods routes, making freight tracking and well-organized. It will offer a real-time tracking and apply the immutability of the blockchain technology.
According to Fan Xi, the head of Yuanben, the use of blockchain technology for shipping is among the inventions in the application of blockchain. The support for the blockchain technology for the offshore silk road is a new development and invention in the application of blockchain. The Maritime Silk Road is a secondary to Zhuozhi Logistics Group. It is an online public booking platform that offers worldwide routes and has logistics networks in Hong Kong, Guangzhou, Shenzhen, Shanghai, Ningbo, Nanjing, Xiamen, Tianjin, and Qingdao.
Yuanben has established a distributed fundamental data network that delivers complete closed-loop solutions for reliable and traceable safety. Its technology is also used for a copyright protection. Thus, it is even stated that Yuanben and Maritime Silk Road Platforms will discover occasions for future teamwork by taking the logistics industry as an entry point.
As per the news revealed in Cryptovest, the international shipping giant, Maersk, has partnered with a foremost blockchain conference company IBM to make a similar blockchain shipping system. IBM and Maersk believe that the new TradeLens will bring many trading partners in a single shared view of a deal without trading off understated elements, privacy or secrecy, coordinating the Internet of Things (IoT) and sensor data that take into deliberation of a choice of variables from temperature control to container weight.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]