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Blockchain in The Maritime IndustryAugust 1, 2018
New Industry-Led Solution
In a move that could transform the bunkering process and revolutionize the industry, Blockchain Labs for Open Collaboration (BLOC) has launched the first industry-wide and industry-led blockchain application in the shipping sector. A bunkering solution which will shift the quality assurance element upstream to fuel suppliers so vessel operators can make more informed purchase decisions, based on validated and trusted data before they even load fuel.
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This will inform the reputation system, which eventually, after enough data inputs and aggregation, will serve to give a better overview of compliant and trusted providers and encourage providers to find alternative fuel sources to become compliant.
-- Deanna MacDonald, BLOC CEO and Co-Founder