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The Debate Around Blockchain and Cybersecurity

The Safety and Shipping Review 2019 conducted by Allianz has again identified cyber security as a significant threat. In this annual review, cyber incidents rank as the second top risk for the maritime

and shipping sector. With major cyberattacks on the rise over the last few years, like the NotPetya that affected supply chain multi national companies including Maersk and FedEx’s European subsidiary TNT Express, many organizations are trying to reduce their cyber risk exposure.

As the industry is also experimenting with blockchain and distributed ledger technologies to increase efficiency, what are the security implications?

Author(s): Adrien Ogee, Lead Security Technology and Innovation, World Economic Forum Centre for Cybersecurity and Soichi Furuya, Senior Researcher, Hitachi

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