Deloitte Launches Blockchain Shipping Logistics Service KYX with Hapag-Lloyd
• Deloitte tapping Polkadot-based Kilt blockchain for digital shipping logistics services called KYX • KYX combines Know Your Client (KYC) and Know Your Cargo (KYC) processes to identify and verify clients and shipped goods • Shipping giant Hapag-Lloyd first to implement KYX, followed by Vodafone • KILT network allows services to be built without needing crypto or blockchain experience • Comes after IBM shut down its Maersk blockchain shipping project TradeLens last year due to lack of commercial interest