Hello world.
Smart contracts apply perfectly to the Maritime Industry.
This discussion is to throw the bases of Ethereum based Maritime Contracts.
Will be uploaded the generic structure of Maritime Contracts (mainly for shipping), provided by Ganado Advocates (based in Malta).
The project is to script generic Ethereum based contracts extrapolated from the lawyers generic contracts.
Thank you for your time & attention.
Regards.
Hadrien
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Comments
The conversion of functional parts of legal contracts to blockchain-secured code is a very exciting prospect for me.
Once we have a prototype, I will happily present it to relevant parties (with proper feedback to the Community).
Ganado Advocates is one of the main Maritime lawyer's firm in Malta, country which has one of the biggest fleet of merchant vessels in the world. (it's a small country, and news spread fast )
please find attached as file.
those are just samples.
I think such applications need a centralised component personally. It can be argued that they may not need anything decentralised other than money or digital assets capable of being moved by the contract - to give it 'teeth'. The contract itself could run on a mix of real world legal frameworks (as now), trusted 3rd party, and Ethereum - depending upon the pros/cons of each.
My understanding is that a lot more automation would be beneficial in this shipping area but I don't have a direct contact with sufficient knowledge to know the detail or how it could be made practical given real world physical implementation issues.