Keeping PACE with blockchain in ocean transportation: A new strategy for the adoption of blockchain has the potential to transform ocean transportation.

The article discusses the potential of blockchain technology as a solution to challenges and issues in the ocean transportation industry. Among the challenges in the sector are tough price competition, high fuel costs, and long wait and transport times. Also cited are the issue of ransomware attack, and the planned permissioned, authorization, consolidation and expansion (PACE) program to use blockchain in supply chain management.