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Container ship leaving Fremantle Harbor in Western Australia

Blockchain in shipping, more than a buzzword

Blockchain could considerably lighten the administrative load of the maritime transport industry, in addition to preventing devastating cyberattacks. However, companies are hesitant to adopt the technology because of the legal uncertainty that surrounds it. The current lack of comprehensive regulations is perceived as a security liability, but there are also fears of overregulation during the next term of the EU Commission.

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