The future of the combination of shipping industry and blockchain

At present, we have cooperated with Yunliu Blockchain Company to solve the problem of paperless port. In my opinion, the application of blockchain in the shipping industry is affirmative in three aspects:

1. Changes in the operation mode of shipping supply chain. The traditional operation mode will change, and the functions of some institutions may also change. For example, the relevant agencies of freight forwarders may be transformed into specialized agencies providing knowledge services and technical services. On the one hand, the decentralized business model of blockchain can not only bypass some intermediate institutions, but also simplify business processes, improve business efficiency and save operating costs. On the other hand, payment activities based on blockchain are programmable, that is, smart contracts. Using intelligent contract can save a lot of documents, and shipping can realize paperless operation, thus achieving the purpose of saving costs. At the same time, through smart contracts, the flow of funds between nodes becomes safe and efficient, and it may be possible to bypass third-party institutions (such as banks) to complete payment.

2, change the port electronic data exchange system. First, the blockchain will realize the exchange and application of electronic documents such as international trade bills of lading between trade and transportation related entities; Second, the blockchain will realize the integration of "logistics, information flow and capital flow" in the international supply chain, replace some logistics, and form a stacking mode of online trading channels. When there are problems in the process of cargo transportation, the owner, customs, carrier and insurance company can trace back to reliable electronic evidence, so as to clarify the responsibilities of all parties and improve the efficiency of payment, settlement and claim settlement. In the future, all kinds of legal documents involved in international trade can also adopt a blockchain solution similar to bill of lading information exchange to realize safe, reliable and mutually recognized transmission.

3. Change the credit evaluation system and innovate financial services. It should be meaningful to use blockchain in complex trading scenarios involving multiple trading entities. What is important for risk control is whether the transaction is true. Because the underlying data is open, it can solve the pain points of the supply chain finance industry. In the platform era, if the credit-related information of the relevant trading entities is stored in the blockchain and can be easily obtained, then the trading entities can directly conduct peer-to-peer trusted transactions, and the intermediary role is closer to the technical consultant. In fact, the application of blockchain technology has gradually shifted from digital currency to "blockchain+",and gradually extended from the financial field to the non-financial fields such as the Internet of Things. In addition, after the capitalized shipping resources are placed in the cloud in digital form through the blockchain, trading and financing are more flexible, and asset tracking and management are more convenient.