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Leading UK Port Operator Seeks to Improve Shipping Logistics via Blockchain

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A UK port operator that handles 25 percent of cargo shipments in the country wants to integrate blockchain in its supply chain.

UK’s leading port operator, Associated British Ports (ABP), has signed an agreement with digital logistics enabler Marine Transport International to develop blockchain use for port logistics, Dry Bulk magazine reports Wednesday, September 19.

Under the agreement with Marine Transport International, ABPwhich operates in 21 ports and carries out 25 percent of the cargo shipments in Great Britainwill take part in pilot shipments using blockchain technology.

According to Dry Bulk, each party in ABP’s supply chain lacks connection with others, as port operators, carriers, and shippers use different systems. As a blockchain solution for port logistics could reduce time spent on the manual review of scattered data, Jody Cleworth, founder and CEO of Marine Transport International, noted:

“With blockchain, we can connect all those systems to ensure data is accurately and quickly shared, helping speed-up and simplify the flow of trade in and out of the UK.

Earlier in June, Denmark revealed its plans to implement blockchain technology to register ships in local ship registers. A subsidiary of Abu Dhabi Ports has also launched its own domestic blockchain solution for logistics.

In May, Fred Smith, CEO for global delivery service FedEx, commented on the benefits of blockchain for supply chains, calling the technologythe next frontier that’s going to completely changethe whole industry.

암호화 뉴스 Blockchain’s Popularity Among Large Enterprises Soared 11% This Year, Survey Finds
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Blockchain’s Popularity Among Large Enterprises Soared 11% This Year, Survey Finds
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Blockchain’s Popularity Among Large Enterprises Soared 11% This Year, Survey Finds

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New research from fintech analysts Juniper House has found that blockchain’s traction with large enterprises has risen by 11 percent this year.

New research from fintech analysts Juniper House has found that blockchain’s traction with large enterprises has risen by 11 percent this year, according to a press release published September 11.

Juniper’s Blockchain Enterprise Survey: Deployments, Benefits & Attitudes (Second Edition) found that 65 percent of responding large enterprisesdefined as those who employ a minimum of 10,000 staffare “considering or actively engagedin blockchain deployment, up 11 percent from the corresponding 54 percent figure last year.

Further data analysis shows that nearly a quarter of firms have moved beyond blockchain proofs-of-concept onto trials and commercial rollouts. The potential scope of the technology’s application has also expanded, with only 15 percent of firmsproposed blockchain applications relating to paymentsas compared with 34 percent last year.

The press release notes there has been “significantinterest in fields across logistics, authentication and smart contracts.

Even as Ethereum (ETH) has taken a battering on the spot markets recently, Juniper’s findings also reveal that nearly half of responding firms are planning to harness the platform’s token standardization potential to launch their proprietary dApps (Distributed Applications) on the Ethereum blockchain.

Among firms that had already invested over $100,000 in blockchain indicated they planned to spend “at leastthe same sum in the coming year. Juniper noted that this demonstrates “largely positiveinitial feedback on investment in the technology, sufficient for firms to bolster their existing commitments to pursuing its development.

Juniper research co-author James Moar is however quoted as pointing towards potential challenges posed by integrating blockchain into legacy systems:

“The findings illustrate the need for companies to engage in a prolonged period of parallel running new systems alongside the old, to iron out any issues that might arise.

Interestingly, among the incumbent tech giants, IBM was found to be the most popular company for blockchain solutions – 65 percent of respondents named it as their “go-tochoiceoutstripping rival firm Microsoft by almost 10 시간, which scored 7 percent and was ranked second.

A major recent survey by “Big Fourauditor Deloitte found that among businesses faced with implementing legacy-constrained blockchain solutions, 74 percent of all the respondents to the survey said their executive team believes there is a “compelling business casefor their deployment.

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