Singapore Shipping Association building e-registry based on blockchain
System, intended for global adoption, aims to cut time, costs, errors
Add BT as a preferred source
Singapore
A BLOCKCHAIN-BASED ship registration preparation system for international adoption is in the works, with hopes that it could reduce time, costs and the incidence of error and fraud in the ship registration process.
The Singapore Shipping Association (SSA) is working with the International Chamber of Commerce (ICC) and Singapore tech startup Perlin to build the International E-Registry of Ships (IERS) system, which they hope will "drastically improve the currently laborious ship registration and renewal process", a joint press release said on Monday.
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
Apex court dismisses almost all of the appeals by Envy’s ex-employees over S$38 million of clawbacks
Singapore Airlines plans debut 5-year dim sum bond
Indonesia unveils 26.34 trillion rupiah stimulus to offset external shocks and rupiah slide
