Blockchain Technology and Maritime Shipping: An Exploration of Use Cases in the U.S. Maritime Transportation Sector
Blockchain technology, which first emerged in 2008, was initially used to facilitate
transactions of cybercurrencies such as Bitcoin. Often described as a disruptive technology,
blockchain use has since increased dramatically in numerous applications, from the energy sector
to real estate to finance. Indeed, some see blockchain as a groundbreaking solution to many of
society’s problems.