Loki-L OP t1_iydby6a wrote
Reply to comment by somegridplayer in IBM and Maersk to shut down TradeLens supply chain platform - Project with shipping giant was once floated as ideal blockchain use case – but industry didn't buy in by Loki-L
Considering that the cost of actually shipping a container can be in the thousands, I don't think that that was the main problem.
Supermichael777 t1_iydcy9o wrote
When the competing solution costs a penny it's a bit of a price hike.
somegridplayer t1_iydcdmk wrote
Now multiply that by thousands of containers per trip. Yes, it's part of the problem. There's a bit more than "Oh it costs $4000 to put a container on a ship". You also need to factor in what the container is carrying and what the revenue is for shipping that container. Also this is not some ground breaking change in how containers are tracked. Increasing the cost isn't going to show dramatic reduction in cost.
>I don't think that that was the main problem.
Good to know because nobody stated that.
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