distributed ledger applications in shipping · 2017-11-22 · applications •blockchainhas the...
TRANSCRIPT
![Page 2: Distributed Ledger Applications in Shipping · 2017-11-22 · Applications •Blockchainhas the potential to improve workflow and real-time visibility. There are a number of ongoing](https://reader033.vdocuments.mx/reader033/viewer/2022050206/5f592aae02ad5d54b31a22d2/html5/thumbnails/2.jpg)
BuildingaBlockchain
• Keycharacteristics:Consensus;Provenance;Permissionedaccess;Security.
©NikosNomikos AthensTriennialMeeting 2
![Page 3: Distributed Ledger Applications in Shipping · 2017-11-22 · Applications •Blockchainhas the potential to improve workflow and real-time visibility. There are a number of ongoing](https://reader033.vdocuments.mx/reader033/viewer/2022050206/5f592aae02ad5d54b31a22d2/html5/thumbnails/3.jpg)
FourKeyConceptsofBlockchain forBusiness
JWiley&Sons(2017)
©NikosNomikos AthensTriennialMeeting 3
![Page 4: Distributed Ledger Applications in Shipping · 2017-11-22 · Applications •Blockchainhas the potential to improve workflow and real-time visibility. There are a number of ongoing](https://reader033.vdocuments.mx/reader033/viewer/2022050206/5f592aae02ad5d54b31a22d2/html5/thumbnails/4.jpg)
TradeFinanceissubjecttoInformationandTransactionalFrictions
37
820
35
Borderrelatedcostsarehigherthantransportcostsforinternationaltrade
ExportProductionCostInternationalTradeCost- TransportCostsInternationalTradeCost- BorderrelatedtradebarriersRetail/Localdistributionmargins
Sources:1)MaerskStrategyGroup(May19,2016)basedonWorldBankdataforWorldTradeCosts2)AndersonandWincoop E.(2004)Tradecosts.NationalBureauofEconomicResearch3)WorldEconomicForum:EnablingTradeValuingGrowthOpportunities2013
TheWorldEconomicForumestimatesthatreducingtradebarrierswillsignificantlyenabletrade
4,7%
14,5%
©NikosNomikos AthensTriennialMeeting 4
![Page 5: Distributed Ledger Applications in Shipping · 2017-11-22 · Applications •Blockchainhas the potential to improve workflow and real-time visibility. There are a number of ongoing](https://reader033.vdocuments.mx/reader033/viewer/2022050206/5f592aae02ad5d54b31a22d2/html5/thumbnails/5.jpg)
PaperTrailofaContainer
©NikosNomikos AthensTriennialMeeting 5
![Page 6: Distributed Ledger Applications in Shipping · 2017-11-22 · Applications •Blockchainhas the potential to improve workflow and real-time visibility. There are a number of ongoing](https://reader033.vdocuments.mx/reader033/viewer/2022050206/5f592aae02ad5d54b31a22d2/html5/thumbnails/6.jpg)
TheCaseforGlobalTradeDigitization
Source:UN/CEFACT- TradeandCustomsuseofBlockchain
Source:https://transporteca.co.uk/shipping-process/
TRANSFORMATION
©NikosNomikos AthensTriennialMeeting 6
![Page 7: Distributed Ledger Applications in Shipping · 2017-11-22 · Applications •Blockchainhas the potential to improve workflow and real-time visibility. There are a number of ongoing](https://reader033.vdocuments.mx/reader033/viewer/2022050206/5f592aae02ad5d54b31a22d2/html5/thumbnails/7.jpg)
Applications• Blockchain hasthepotentialtoimproveworkflowandreal-time
visibility.Thereareanumberofongoingshipping-related
applicationsandprojects:
– Maersk&IBM:managementofcontainershippapertrail
– Maersk:marineinsurancecontracts
– Mercuria:shippedandsoldacargoofcrudeoilusing
blockchain technologytofacilitativepaperworkprocessing
– DNVGL:managementsystemsandcertification
– PSA:supplychainandportmanagement.
©NikosNomikos AthensTriennialMeeting 7