EY, Microsoft and Shipping Giant Maersk Develop Blockchain Marine Insurance Platform

EY, Microsoft and Shipping Giant Maersk Develop Blockchain Marine Insurance Platform:

‘Big four’ accounting house EY, technology giant Microsoft and the Maersk, the world’s largest shipping company have combined to launch the world’s first marine insurance blockchain platform.

Build using Microsoft’s Azure cloud platform, the blockchain solution is the first of its kind in the marine insurance industry and connects clients, brokers, insurers and third parties on a common ledger. This shared database also collects information about logistics risks and shipments to integrate the data with insurance contracts.

H/t reader kevin a.

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Amazon Vs Maersk: The Clash Of Titans Shaking The Container Industry

Amazon Vs Maersk: The Clash Of Titans Shaking The Container Industry

H/t reader squodgy:

“Bezos doesn’t care a toss.

Once he moves into the Logistics loop, he’ll automate, rationalise, re-structure, streamline, acquire, rationalise again and leave the hitherto working population in tatters.

My question is, as with Wal-Mart, if they keep on eliminating all levels of employment by cutting/automation, where will their customer base be?

Just as with the big Global Corps, who will buy their goods as the giants swallow up competition and rationalise, such as Buffets Kraft & Cadbury & Heinz merged.”

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“It’s Worse Than 2008”: CEO Of World’s Largest Shipping Company Delivers Dire Assessment Of Global Economy

MUCH WORSE than 2008!

Related info:

European Banks Are Crashing Which Will Light The Economic Collapse Fuse – Retail Apocalypse – Baltic Dry Index Keeps Crashing (Video)


“It’s Worse Than 2008”: CEO Of World’s Largest Shipping Company Delivers Dire Assessment Of Global Economy:

Earlier today, we highlighted the rather abysmal results reported by Maersk, the world’s largest shipping company.

To the extent the conglomerate is a bellwether for global growth and trade, things are looking pretty grim. Maersk Line – the company’s golden goose and the world’s largest container operator – racked up $182 million in red ink last quarter and the outlook for 2016 isn’t pretty either. The company now sees demand for seaborne container transportation rising a meager 1-3% for the year.

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