8 mins read
In the past year, China’s demand of containers for cross-border transactions vastly exceeds supply. The shortage of containers is due to trade imbalance and impact from the COVID-19 pandemic overseas: exports from China surged significantly, but imports and containers returning to China have reduced.
8 mins read
International trade involves a lot of cumbersome logistic procedures. Booking, towing or customs declarations are only some of the many things that need to be handled when eng aging in trade, especially cross-border trade.
3 mins read
A crypto wallet is a tool that is used to interact with a blockchain network. They make it possible to send and receive cryptocurrencies for blockchain transactions. Each wallet has a unique alphanumeric identifier called the wallet address which is based on the public and private keys. The address can be publicly shared so that funds can be transferred to the specific ‘location’ on the blockchain that the address denotes.
3 mins read
Decentralized finance, also known as DeFi, intends to offer a viable alternative to the traditional financial system in the form of a decentralized system. DeFi refers to a purely decentralized governing body. For example, Central Bank Digital Currencies (CBDC) is NOT a DeFi application, as it is minted and controlled by Central Bank.
2 mins read
In the traditional gaming industry, the majority of gaming data is fully controlled by the gaming companies, including account information and in-game assets collected by the players such as skin, collectibles and virtual money. As everything is owned by the gaming company, the players don’t really have the ownership of their accounts or in-game assets. Such centralized models may present vulnerabilities like server malfunction or hacking. The gaming economy is also controlled by the company and when a game is shut down, the players will lose everything with it.
20 mins read
The ocean bill of lading is abbreviated as ‘bill of lading’, and it is a written certificate issued by the ship or its agent to prove that the goods have been received and allowed to be shipped to the destination and delivered to the shipper. It is a proof of contract between the carrier and the shipper. It has the effect of a property certificate in law.
3 mins read
Physical trading in the Energy & Commodity Industry has traditionally been organised around vast paper trails, however new technology like blockchain is starting to transform the long-established system. Blockchain is creating exciting opportunities for industry players to upgrade the outdated workflows and realise the many benefits of moving to a digital ecosystem.
3 mins read
The current Logistics Industry is facing many challenges brought about by the antiquated paper-based procedures coupled with the very expansive, complex and fragmented nature of Supply Chains in today’s globalized world.
