Consortium aims to develop block chain for the bunkering industry

Maritime Executive.  25 July. 5 minute read. 
A consortium of organizations including Lloyd’s Register, Precious Shipping, Bostomar, BIMCO, International Bunker Industry Association and GoodFuels will apply blockchain technology to bunkering to increase transparency and traceability. The consortium will evaluate how blockchain could help provide a tamper-resistant and reliable reputation system of the compliance of fuels prior to purchase, beneficial to both buyers and regulatory bodies.
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By | 2018-08-03T10:43:20+00:00 August 3rd, 2018|Automation & Training|Comments Off on Consortium aims to develop block chain for the bunkering industry