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SMW: Hype around blockchain fails to impress

Issues such as a lack of standardised procedures, an unwillingness to share information with hundreds of other businesses — some of them competitors — and the extra cost of data storage make blockchain a farfetched application for the shipping industry in the near term.

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Fears expressed that an open, distributed ledger used to record everything would let far too much data fall into the hands of business rivals

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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