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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.

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