Is blockchain the panacea for the shipping industry..?? Hype vs Reality

blockchain - shipping and freight resource

Ahhhh, blockchain, to many, it’s like entering a parallel universe, evoking images of a world where all processes are in blocks, every block talking to the other, every block working seamlessly at the touch of a button, the equivalent of a human world where the roads are flowing with milk and honey..

There are proponents and opponents to this technology in equal measure, with the proponents fuelling a hype relating to the blockchain technology’s application in shipping, freight and logistics, in the media in the recent past..

We caught up with John Monarch, CEO of ShipChain in an effort to understand what the blockchain can and cannot do in the shipping and freight industry and to help us separate hype from reality..

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