Definition ∞ Commercial Shipping involves the transport of goods and materials across various distances, typically by sea, air, or land for trade purposes. This sector forms a fundamental component of global supply chains and international commerce. Efficiency in commercial shipping directly impacts trade costs and delivery times. Blockchain technology offers solutions for enhancing transparency and security within this industry.
Context ∞ The commercial shipping industry faces ongoing challenges related to operational efficiency, security, and document management. There is increasing interest in leveraging distributed ledger technology to streamline processes, from cargo tracking to bill of lading issuance. Discussions often focus on pilot programs and the scalability of blockchain solutions for global trade.
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