Shipping company NYK and Mining Giant BHP Tested Blockchain Tracing

Japanese shipping company NYK along with Oil and Metal Mining MNC BHP in a combined experiment project successfully tested blockchain to trace biofuel delivery. GoodFuels, a Sustainable biofuel company provided its product for the experiment and BLOC, a developer of blockchain applications for the maritime industry built the decentralized ecosystem to trace it.

The post Shipping company NYK and Mining Giant BHP Tested Blockchain Tracing appeared first on Incrypts.

Shipping company NYK and Mining Giant BHP Tested Blockchain Tracing

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

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