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ARTICLE · 26 FEBRUARY 2019

Blockchain: The Potential To Change The Entire Economic World

G M Corporate and Fiduciary Services Limited
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The shipping industry has been given a fresh opportunity to strengthen the security of their data that could spell the end of paper documentation.  Blockchain technology promises to revolutionize container logistics by connecting the supply chain in a way the industry has never seen before. Should the technology enter operation it could also bring annual cost savings, eliminate time-consuming processes, as well as create trust and partnership to all parties involved. Blockchain establishes a shared, immutable record of data which is encrypted and inherently resistant to modification, requiring confirmation from all participants in the network before any changes can be made.

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