Cryptocurrency
How the Blockchain Technology is going to change the world’s shipping industry?

Like in many other industries from oil tankers to cryptocurrencies the key is none other than blockchain, which is an electronic ledger system that is allowing the transactions for verifying autonomously. The benefits from this technology is not confined only for shipping, however, but for improving communications and border administration and that is resulting in generating an additional $1 trillion in global trade, as per the World Economic Forum.
For the purpose of moving the goods, when a cargo owner books space on a ship, then the shipping paper trail begins. It is must and should for the documents for filling and approving before cargo could be able to enter or leave a port. A single shipment is required with a several hundreds of pages, that are needed for the sake of being physically delivered for dozens of different agencies, banks bureaus and other entities. The paperwork and the processes are really important for global trade and are even deemed as one of its biggest burdens. Blockchain enables the real time tracking of its cargo and documents.
What are the financial areas that the Blockchain tranform?
Totally the media is transformed by the digital revolution.
There are six major financial areas that are going to be transformed by the Blockchain. They are as follows:
[01.] Cross Border Transaction Infrastructure.
[02.] Digital Assets classified As a Type of Asset.
[03.] Governance And Markets.
[04.] Regulatory Reporting And Compliance.
[05.] Clearing And Settlement.
[06.] Accounting And Auditing.
When majority of databases are snapshots of a moment in time, Blockchain databases are built from their own transaction history. They are a history of itself, a database with context, a self contained system or record. In fact, the implications for auditing and accounting are profound. Most popularly bitcoins are used in the online gambling industry, there are several bitcoin casinos accepting wide range of cryptocurrencies. Today, most of the players prefer to play games at bitcoin casinos.
-
Africa4 days ago
New Governing Board of the Gaming Commission of Ghana Sworn in
-
Africa6 days ago
pawaTech strengthens its integrity commitment with membership of the International Betting Integrity Association
-
Asia6 days ago
FIFA, NBA, UFC and More Sports Events Go Live – Crypto Sportsbook BETY Offers Global Sports Betting Coverage 2025
-
Baltics6 days ago
Estonian start-up vows to revolutionise iGaming customer support with AI
-
Gambling in the USA6 days ago
Gaming Americas Weekly Roundup – June 16-22
-
Africa6 days ago
SA Rugby Renews its Partnership with Betway
-
Asia6 days ago
Polemos Announces Partnership with Guinevere Capital
-
Industry News7 days ago
Arizona Department of Gaming Releases March Sports Betting Figures