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Here are the recent developments of Blockchain in the Shipping Industry: ZIM Levels Up Blockchain Initiative ZIM tested the world’s first ever paperless Bills-of-Lading platform, which is a solution for trade activities, after it announced its blockchain pilot in November 2017. ZIM said in a statement that exploratory transactions have indicated blockchain technology can not only replace paper, but also improves current activities which rely on emails and existing tools. The original BLs were transferred to the receiver in less than two hours after the vessel’s departure instead of a couple of days. During the test, documentation processes such as endorsement and ownership transfers were performed. Read More Blockchain MoU to Reinforce Vessel Safety BlocBox, a company specializing in maritime safety, has signed a Memorandum of Understanding (MoU) with Zeaborn Ship Management to collaborate on a blockchain-based project. According to a statement, BlocBox developed the world’s first blockchain protocol for maritime and aviation safety. This offers an immutable distributed ledger which enables easier retrieval of black box data as well as provides more transparency for the ocean shipping industry. A prototype of the interface has been developed by BlocBox and is currently undergoing a series of testing phases. Read More Algeciras Joins TradeLens Blockchain Movement The Port of Algeciras (Spain) signed an agreement to join the joining the blockchain-based TradeLens platform and collaborate with Maersk and IBM, joining the blockchain-based TradeLens platform. The digital solution aims to improve the transparency of global supply chains, and has already been adopted by some of the major ports in Spain. Their decision to adopt the solution is part of their port authority’s strategy to exchange information more efficiently, share documentation safely, and foster collaboration among parties. Read More Blockchain Specialists Partner for Secure Networks CargoX, a provider of blockchain-based solutions, has partnered with the digital freight management platform RoadLaunch. This means that RoadLaunch’s permission-based Hyperledger solution, extended with the support of CargoX Smart Bill of Lading, will help deliver an improved service to thousands of users on the platform. Francisco Montenegro, Project Manager at CargoX, said: “With this integration, the RoadLaunch Platform will offer an extra layer of decentralization to their flow of information. “Bills of Lading and other documents in the supply chain information flow will be properly time-stamped and transferred, and an extra layer of trust and event transparency will be added to the RoadLaunch permission-based network.” Read More Oracle Accelerates Blockchain for Business Oracle, a leading provider of cloud-based digital solutions, has announced that it is accelerating the adoption of its Oracle Blockchain Platform for enterprises around the world. The companies that have already been using the business-ready blockchain platform have progressed from experimentation to production, creating blockchain applications from scratch. Additionally, Oracle has also added a few new features which help speed up the development, integration, and deployment of new blockchain applications. Read More Click Here to read last month's update on blockchain.