Trillion-Dollar Shipping Industry Betting Big On Blockchain


FN Media Group Presents Market Commentary

In the United States shipping and logistics accounts for nearly $ 1.5 trillion each year. With networks of producers, shippers, and consumers coordinating to access products, inefficiencies are an inevitable industry reality. In an effort to address these problems, companies around the world are working to revolutionize shipping and logistics through the instant and immutable properties of blockchain technology. Technology giants are predicting that traditional enterprise clients will seek to integrate blockchain technology into their businesses in the future. As legacy sales decrease, goliaths like IBM see blockchain as the supply-management tool …

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