Oil majors launch first oil and gas blockchain consortium in US2019-02-28 – A group of major oil and gas companies have joined forces to establish the first industry blockchain consortium in the United States. The move is aligned with the rising interest on blockchain technology for trade industry in recent years, as blockchain has been viewed by many as a solution to transactions inefficiencies, as well as a way to improve transparency and reduce the risk of fraud. . . READ MORE Infographic: 9 challenges blockchain faces2019-03-01 – In September and October 2018, BCG conducted an online survey concerning international companies in the T&L industry in order to assess their understanding of blockchain and their progress in adopting the technology. In order to acknowledge the promise of blockchain, T&L stakeholders must collaborate to develop an ecosystem that forges trust and creates mutual benefits across the value chain. . . READ MORE  Infographic: Blockchain participants; data offer and value proposition2019-03-01 – Partnerships and collaborations among players in the T&L value chain, including competitors, are needed to provide the foundation for the ecosystem. Many collaborations, such as Ocean Alliance and Yang Ming or Modern Terminals and TradeLens highlight the importance of partnership in order to achieve efficient operations. As the blockchain provides many advantages to the transportation and logistics, the data offered results to the equivalent value proposition. . . READ MORE  |
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