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Blog: AI and Blockchain Helping to Move Towards more Digital Society


Blockchain and artificial intelligence are two new technologies in the business world that rapidly lead to further digitalization. Many companies across the retail and shipping industries use such technologies to counter disruptive threats and to push new markets into new streams of revenue.

Blockchain offers a higher degree of transparency for companies about shipping and the movement of products through the supply chain. Once it is entered in the digital ledger, folks cannot edit information. Then companies don’t even have to worry about the manipulation of potential records. Also, all the parties concerned can monitor existing shipments and assist all supply chain members. IBM and Maersk joined forces to form a global trading blockchain platform in 2018. IBM reports that the costs of global trade have been estimated at approximately $1.8 trillion annually, with some 10 percent savings from more effective processes. Read More…

Source: Artificial Intelligence on Medium

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