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The maritime industry is on the brink of a revolutionary shift. With the rise of blockchain technology and cryptocurrencies, a new era of vessel leasing is emerging. Traditionally, acquiring a ship has been an expensive undertaking, largely inaccessible to small and medium-sized enterprises due to high upfront costs and complex financing structures. copyright, however, offers a practical alternative, paving the way for wider participation in the global maritime market.
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Insurance companies are leveraging blockchain technology to provide innovative insurance coverage tailored to the individual characteristics of yachts and their owners.
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