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Marco Polo blockchain develops shipping finance solutions

container ship

Earlier this year, blockchain trade finance platform Marco Polo partnered with maritime technology firm Pole Star. Together they’ve developed maritime solutions for bunker fuel financing and funding for costs that have to be paid in advance, such as port agency payments and canal transit tolls.

Blockchain has already been used for bunker fuel, but for tracing fuel to ensure it complies with new International Maritime Organisation sulfur caps. The solution was developed by BunkerTrace.

What follows is an unedited interview provided by Marco Polo.

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