Global Trade: Hong Kong’s 2nd largest Terminal Operator adopts Blockchain Technology to document Logistics Data.

#Blockchain Technology to be used for Logistics Data

Credit: CCN

Adoption of #Blockchain Technology for Global Trade

Earlier on, I was scanning my news feeds and came across this great article that I thought I would share with you.

Credit to CCN for the contents in the article.

For those that may have missed the article, in it, it talks about how Hong Kong’s 2nd largest Terminal Operator is adopting #Blockchain Technology to document Logistics Data.

You can read the full article here...

https://www.ccn.com/hong-kongs-2nd-largest-terminal-operator-adopts-blockchain-to-document-logistics-data/
Credit: CCN

Credit: CCN

Before TradeLens, a majority of the ports as mentioned above were working principally with paper records, open to damages, manipulation, and outright lostness. Container ships still carry documents for immediate verification that obstructed the flow of their supply chain, eventually causing shipment delays and errors via manual filing.

Credit: CCN

Movement of Goods and Services around the World through Open Borders

Once again, credit to CCN for the content in the article that once more cements the fact that that #Blockchain and Distributed Ledger Technology are set to play a major role in the logistics of Global Trade and the movement of the Goods and Services around the World as they pass through Open Borders.

Thanks again for reading.

Stephen