IBM And Maersk Forming A Joint Enterprise To Use Blockchain
Two giabts IBM in partnership with Maersk is launching their own blockchain solution.
IBM which is giant of the business computing world has its stock price worth around $143.31 each. With an expected income in 2017, of $79.14 Billion and Moller-Maersk, a Danish transport, logistics and shipping company, arguably the biggest in the world, with an income of $35.464 Billion in 2016, so you can presumably observe why we are alluding to these two giants.
In fact, the partnership between IBM and Maersk is not a surprise, actually, IBM have been working with Maersk to introduce blockchain technology to the shipping industry since 2016. The premise is simple, blockchain innovation can be utilized to absolutely reshape the way the transportation business works, it can enhance responsibility, straightforwardness and proficiency. According to South Korean news source, Korea Joongang Daily:
“Tim Smith, Asia-Pacific head of A.P. Moller-Maersk affiliate APM Terminals, said Thursday that the company, along with its blockchain business partner IBM, plans to release two applications that increase visibility and efficiency in the shipping trade within this year at a seminar held by the American Chamber of Commerce in Korea in Seoul.”
These applications could thusly, lead another development for blockchain innovation technology inside the shipping industry. With transportation so firmly connected to airship cargo, arrive delivery and most wakes of the transport industry when all is said in done, including passenger transport, the take off of these new ‘applications’ could see the IBM and Maersk partnership, and put a start to another period for transport, changing the substance of coordinations and travel for eternity.