IBM used the blockchain to ship 28 tons of citrus fruits from China to Singapore

On the eve of the Chinese New Year celebration, the technology giant IBM delivered 28 tons of oranges and tangerines from China to Singapore. When issuing a bill of lading confirming the contract of shipment, the blockchain technology was used, reports CoinDesk .

IBM experts point out that the electronic bill of lading (e-BL) has accelerated administrative processes "to one second", which, in turn, has reduced the cost of storing fruits.

“Blockchain provided us with a monitored and protected from unauthorized access document storage for the shipping industry, where document fraud accounts for 40% of all fraud cases, ” added IBM.

The pilot project has already received positive feedback from the industry and authorities.

Recall that in November 2018, IBM announced plans to patent a blockchain system to define the boundaries of augmented reality .

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