New consortium will test blockchain in the bunker industry

A consortium including bunker organization IBIA and Lloyd's Register will explore what blockchain could mean for increasing transparency in the bunker industry.

Photo: Dan-Bunkering/Screenshot

While blockchain is being explored by several large carriers, the technology is now making its debut in the bunker industry.

The company Maritime Blockchain Labs (MBL) has established a new consortium tasked with exploring the possibilities of blockchain – the sharing of data and information on a joint platform – and what those possibilities can mean in terms of tracking and transparency in the marine fuel supply chain, writes Blockchain Labs for Open Collaboration (BLOC), the parent company of MBL.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

For Coca-Cola, chartering vessels is by no means a foreign concept

Coca-Cola made a splash when one of the company's execs recently informed that it had chartered three dry bulk vessels as a result of the strained supply chains. It's a frequently used method, the company tells ShippingWatch. Nike expects shortages of products in coming quarters.

Further reading

Related articles

Trial banner

Latest news

See all jobs