BunkerTrace has announced the successful pilot of its unique blockchain that tracks fuel across the supply chain. The network is now live for commercial subscriptions, and companies and marine companies are jumping onto the bandwagon, as reported by AJOT, October 21, 2019.
Fuelling the Supply Chain
Companies dealing with fuel and transport are seeing more emphasis move toward managing their energy procurement processes. Sustainability in the business and external environment are seen as necessities going forward.
Marine energy has become more complex over the last few years, and Cooperative Bebeka, which ran the BunkerTrace pilot, believes this blockchain will help create a transparent mechanism for fuel management.
Logistics and energy are key cost-drivers for maritime companies….