In an industry notorious for its paperwork, the maritime transporters of half of the world’s crude oil supply are looking to the blockchain to revamp the shipping industry’s backend.
Although utilizing a decentralized ledger would be a giant leap forward, it could result in significant job losses. Several dozen tankers set sail from global ports daily, generating transactions worth $2.7 billion. Thousands of workers and millions of liters are involved in the tanker industry every day.
The Dinosaur at the Docks
A bill of lading demonstrates ownership on the high seas. Mercuria Energy
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