🎗Demonstration Test of Blockchain Technology in Cross-Border Trade Operations.
Japanese shipping firm Mitsui OSK Lines (MOL) and partners including IBM are to undertake a blockchain proof-of-concept looking to streamline international trade flows.
According to the company’s statement, the “demonstration test” will see real-time trade transactions made using a blockchain-based application.
The project will see trade agreements, logistics and insurance documents, and more, digitized, stored and shared among participants, bringing a number of benefits over traditional trade systems.
Mitsui O.S.K. Lines