Hong Kong-based blockchain solution provider 300cubits has completed the first trial shipment in its smart contract deployed on the Ethereum blockchain, the company said. Malaysia’s liner company West Port and, LPR, a Brazilian textile importer participated in the trial. 300cubits has introduced TEU tokens, described as the ” bitcoin of the shipping industry”, as a tool for solving the no-show bookings. The tool is a blockchain-based shipping deposit aimed at enforcing contra

A complete transformation of how ports operate is on the horizon, according to Bret Greenstein, Vice President of Watson Internet of Things (IoT), Consumer Offerings, IBM. Over the past few years, IBM has partnered up with industry majors such as Maersk Group and CMA CGM in order to digitize their ways of doing business. World Maritime News spoke with Mr. Greenstein on the digital transformation of the maritime industry and IBM’s role in the process on the back of the company