Shipping Is Starting to Go Blockchain

in cryptocurrency •  6 years ago 

Coindesk reports (https://www.coindesk.com/government-backed-blockchain-trade-platform-launches-in-singapore/) that a state-backed Singaporean company has officially started using the blockchains to streamline documents processing for shipments.

I believe that this is a great use case for blockchains since they are most suitable for those scenarios when several parties need to look at the same information at the same time, while being completely assured that the same information is completely free of tampering.

The system will enable all those numerous stakeholders in shipment processes to peruse documents simultaneously which will surely cut time needed to go through various procedures. The representative with the company said that the roll-out of this system will bring forward significant efficiencies to the Singapore-China route, which is the biggest one for the island nation.

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