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I'm not in shipping - but wild speculation could be once you sign the blockchain it's now your legal responsibility - no dickering over timestamps, is that real
by phil21 10y ago
I'm not in shipping - but wild speculation could be once you sign the blockchain it's now your legal responsibility - no dickering over timestamps, is that really our guy's signature, forged paperwork, whatever. You signed it now it's yours until someone else does.
Implementing that may be somewhat more difficult though, and I have no idea if this is really that large of a problem or not.
- benchodroff 10y agoIt likely is a problem given that shipping is often a many to many relationship between multiple providers -- which one do you trust to provide data lineage of the entire shipment? Nobody - use a blockchain
- zhte415 10y agoIt is incredibly tough. The manual steps in trade, down to scribbling a note on the back of a single original piece of A4 paper, are tedious and tediously documented, UCP for example https://en.wikipedia.org/wiki/Uniform_Customs_and_Practice_for_Documentary_Credits https://en.wikipedia.org/wiki/Uniform_Customs_and_Practice_f.... Maersk will be implementing a new standard of implementation here, replacing a standard that's been bootstrapped over centries. Expect an ISO or similar to be created to define it, with a lot of reach into the workflow of insurance companies and banking (LCs, etc). This would be an interesting area to 'disrupt' if you could catch early wind of the emerging standards and ride on the back of a new standard coming into implementation.