An overview of B3i by Paul Meeusen, Head Distributed Ledger Technology , Swiss Re; presented at the B3i launch event at Monte Carlo on 10th September 2017
In 1956 Malcolm McLean had a great idea. He ran a trucking company in the US and noticed that there were many inefficiencies in trade and transportation. Goods would be loaded on and off trucks, trains and ships multiple times on the journey to their final destination. Repackaging and reloading was required at every step of the journey. From this insight, the modern shipping container was born, reducing loading costs from 6 dollars to 16 cents per ton, a 36 fold saving that resulted in a huge increase in global trade.