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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 Tim Draper Predicts Total Crypto Market Cap of $80 Trillion in Next 15 Years
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Tim Draper Predicts Total Crypto Market Cap of $80 Trillion in Next 15 Years
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Tim Draper Predicts Total Crypto Market Cap of $80 Trillion in Next 15 Years

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Billionaire investor Tim Draper has forecasted that total crypto market capitalization will reach $80 trillion in the next 15 년.

Venture capital investor Tim Draper has predicted that total cryptocurrency market capitalization will hit $80 trillion in the next 15 년, news outlet DealStreetAsia 보고 September 14.

Speaking at the DealStreetAsia PE-VC Summit 2018 에서 Singapore, Draper argued that the significant slide in the cryptocurrency market in recent months is attributed to people who have not adopted digital currencies as a new asset class. Draper stated that once people become more familiar with the technology, it would transform many important industries globally:

“I think it’s going to have such a transformative effect on industries that we never even imagined would be transformable. The internet went after industries that were $10–100 billion dollar markets, cryptocurrency will go after trillion dollar marketsthese are finance, healthcare and insurance, banking and investment banking, 그리고 정부.”

In January 2018, Barron’s 보고 that the Russell 3000 Indexwhich accounts for 98.5 percent of the entire U.S. stock market — 가치가 $30 trillion. The “staggeringamount of money followed a successful year in 2017, in which the market experienced 22 percent returns.

Draper also compared the current state of the crypto market with the early days of Internet, saying:

“The internet started in the same way, it came in big waves and then it kind of came crashing down, and then the next wave comes concentrated but much bigger, and I suspect the same thing will go on here (with Bitcoin).”

Brian Kelly of CNBC’s Fast Money compared cryptocurrency to the “Internet in the 1980sas well, pointing out that Bitcoin (BTC) is still in its early stages. Kelly asserted that while he used to see crypto as comparable to the Internet in 1995, he now understands that a better comparison is further back. He added:

“I think this technology is going to work, it’s going to be game changing, but it’s very early days, so we can have this massive volatility.

At press time, total crypto market capitalization is around $202 십억, according to CoinMarketCap.

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