Marsh: Blockchain can save $300 per container
A study by insurance broker Marsh indicates that using blockchain technology could help to save US$300 per container “in terms of labour and the time and money spent processing associated documents”.
For an ultra-large container ship (ULCS) carrying 18,000 containers, the saving could amount to US$5.4m, the report stated.
A previous study by Maersk said that, on average, about 30 people and organisations touch the shipment of a product using a shipping container.
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