As we know, the shipping business, which accounts for 90% of global trade, is developing slowly and is inefficient due to its complex business processes. Today, Jay is going to share something about significant impact that the blockchain exerted in the field of shipping business upgrading and how traditional shipping business modifies its business models as well as transforms by using blockchain to create greater values. In this speech, I will take Chinese largest shipping company’s successful practice case as example to illustrate how the blockchain made a breakthrough in the shipping territory. Such breakthrough involves real-time dynamic information tracking on shipping containers worldwide. By combining with blockchain, the shipping resources are assertized and digitalized， enables putting the logistics as well as trade finance business into practice in a more effective way.
