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    Watch: Fire breaks out on MSC containership in Persian Gulf

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    Lessons learned: Hand injury in medical airlock

    Lessons learned: Hand injury in medical airlock

    NTSB Investigation: Officers’ distraction causes vessels to collide

    NTSB Investigation: Officers’ distraction causes vessels to collide

    suez canal

    Tanker breaks down in Suez Canal causing brief disruption

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    Book Review: A role model for ship managers

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    contemplation as a spiritual practice

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    power of hug

    The power of hugging: How it affects our health

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    Mental Health Focus: How to deal with Impostor Syndrome

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    Hurtigruten unveils zero-emission cruise ship design

    Hurtigruten unveils zero-emission cruise ship design

    Kongsberg designs next generation feeder containership for alternative fuel transition

    Kongsberg designs next generation feeder containership for alternative fuel transition

    MOL orders LNG dual-fuelled bulk carrier at Oshima Shipbuilding

    MOL orders LNG dual-fuelled bulk carrier at Oshima Shipbuilding

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    DNV: How shipowners can meet EEXI compliancy when essential components are unavailable

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    DNV Maritime Cyber Priority 2023: Shipping faces 5 major cyber security challenges

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    AMSA bans second vessel in a week

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    Ship detentions in Paris MoU in February 2021

    AMSA bans bulk carrier Babuza Wisdom for 90 days

    tanker arrested in singapore

    AMSA convicts master and company after pilot ladder injury

    amsa planned maintenance fic

    OCIMF Annual Report 2023: Key amendments and additions under SIRE 2.0

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    How to break patterns that can result to bad habits

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    ONE takes delivery of massive 24,000 TEU container ship

    ONE takes delivery of massive 24,000 TEU container ship

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    The tides are changing at Alang

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SAFETY4SEA

World Economic Forum supports blockchain for supply chain continuity

by The Editorial Team
April 30, 2020
in Smart
TradeLens eBL
FacebookTwitterEmailLinkedin

The World Economic Forum highlights the importance of technologies, such as the blockchain, to boost efficiencies and improve trust across stakeholders, for the continuity of supply chains.

It is noted that the COVID-19 crisis has made important the need for both speed and clarity in implementation, with the Forum developing the Blockchain Deployment Toolkit, a first-of-its-kind set of high-level guidelines documenting tested best practices to address the issues that arise in blockchain implementation projects.

Spending a year, the World Economic Forum collaborated with more than 100 organizations and 50 countries, across 6 continents, focusing on 40 blockchain use cases ranging from provenance and traceability to automation and streamlined operations.

As blockchain has been characterized as “The new kid on the block”, its advantages have been already fruitful within the shipping industry. Thus, the toolkit presented by the Forum, includes 14 different modules that represent key success and risk factors for the deployment of a blockchain solution within the supply chain context.

RelatedNews

Cyber security: What it means for the shipping industry

BIMCO: Capesize spot rates hesitant despite 5% rise in demand

The Forum conducted two pilot projects, the first in cooperation with the Abu Dhabi Digital Authority, and the second with Saudi Aramco.

World Economic Forum notes that

Speed and clarity in blockchain implementation, always important, will be all the more critical during the immediate future as organizations tackle the health crisis.

Tags: blockchainCOVID-19digitalizationshipping industry

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