From the course: Digital Technologies Case Studies: AI, IOT, Robotics, Blockchain
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Case study: Digitizing the global supply chain (Maersk-IBM)
From the course: Digital Technologies Case Studies: AI, IOT, Robotics, Blockchain
Case study: Digitizing the global supply chain (Maersk-IBM)
- The global shipping industry has historically been plagued with a morass of complex documentation among a large number of parties, including customs and border control authorities who must know the origins, destinations and contents of incoming and outgoing containers. These challenges, the need for trust in the records, the large number of organizations involved, and the complex documentation, make Blockchain an excellent technology solution. Take for example the shipment of flowers from a grower in Kenya to an importer in the Netherlands. The parties involved would include a freight forwarder who puts flowers from multiple growers into a container, customs and border protection authorities, multiple shipping lines, trucking companies, warehouses and terminal operators. The chain could easily involve 30 different organizations and require 200 separate documents. The shipping industry has relied on Electronic Data…
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