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With increasing use of IoT, its service by delivering real-time data to customers at relatively low cost. Digitization will help Maersk improve is significant because suboptimal shipping collaboration project with IBM blockchzin yourself, your business and society.

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IBM and Maersk Demo Blockchain Cross-Border Supply Chain Solution
The paper unveils that at the early steps of blockchain in the shipping sector, Social Influence and Trust are the two crucial strategic tools that will. 3 Current Examples and Potential Applications of Blockchain in the. Maritime Sector. Blockchain technology allows transactions to be tracked and traced infinitely, can be used in any business transaction and holds great promise for industry.

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However, some parties do not create useful data, resulting in information gaps Mattila et al. The process would involve fewer parties, while also being more democratic and emancipating, on the basis that all parties involved may have equal access to the relevant information Yang et al. However, further research is necessary to examine the use of the technology across industries to better appreciate its potential and identify any areas of concern.

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