Blockchain document transfer: understanding the technology and its uses

Vjeran Ortynski Chief Business Development Officer, CargoX Ltd , PhD Janez Kranjc Chief Technology Officer, blockchain solution architect, CargoX Ltd.

WCO News, World Customs Organisation, 97, February 2022

March 01, 2022

Blockchain document transfer: understanding the technology and its uses

Photo from WCO News

According to research, a single container shipment can generate up to 200 communications, and the administrative cost of processing the accompanying documentation is estimated to be 15‑20% of the overall cost of transporting the goods. It is therefore essential to find easier, more efficient ways of transferring data and documents, and verifying and archiving documentation.

Topic: IT systems, databases
Market: Global
Copyright of the journal: World Customs Organisation