International shipping blockchain registration programme launches

The Singapore Shipping Association (SSA) is working with the International Chamber of Commerce (ICC) and Singapore tech start-up Perlin, to build an advanced digital blockchain ship registration preparation system for international adoption. The International E-Registry of Ships (IERS) is an entirely new digital blockchain-based solution to streamline, standardise and drastically improve the currently laborious ship registration and renewal process. Immediate advantages will include very significant reductions in operating costs, time required, human error and fraud.