Newsletter Sign-up The Logistics Report Top news and in-depth analysis on the world of logistics, from supply chain to transport and technology. SUBSCRIBE Blockchain allows trusted participants to share information as goods move through supply chains. The system promises to reduce the cost of administering shipped goods, cut down on paperwork and speed the flow of goods by letting companies transmit information quickly and reliably. Ant Financial Services runs the biggest business-oriented...

“Now, with five of the world’s six largest carriers committed to the platform, we can accelerate that transformation to provide greater trust, transparency and collaboration across supply chains and help promote global trade,” said Martin Gnass, managing director of information technology at Hapag-Lloyd. For ocean carriers, blockchain technology allows participants to share information as goods move through maritime-focused supply chains. The system also promises to reduce the cost of...

Newsletter Sign-up Maersk and IBM in 2016 kicked off the blockchain platform for container ships, which carry the vast majority of consumer goods, furniture, manufacturing parts and other basics of global commerce. Large companies such as Walmart Inc., Procter & Gamble Co and DowDuPont Inc. along with 100 ports have been testing the technology to get a better view of their supply chains, from raw materials to finished goods. For ocean carriers, the blockchain technology allows trusted...

The bank, owned by the German States of Schleswig-Holstein and Hamburg, is racing to find a buyer by the end of February or face liquidation. HSH said in a statement it received a number binding bids, without elaborating. J.C. Flowers, which already owns 5% of HSH, declined to comment, as did Cerberus. Apollo didn’t respond to requests for comment. HSH has total assets of around €80 billion. The bank’s balance sheet grew to more than €200 billion in 2008 as it aggressively expanded its...