PIL, PSA and IBM to collaborate on blockchain solutions
Pacific International Lines (PIL), PSA International and IBM Singapore (IBM) have signed a Memorandum of Understanding (MOU) to trial blockchain-related solutions.
The Singapore-based carrier and terminal operator have become the latest companies in the supply chain to trial the technology, with Maersk beginning work with IBM earlier this year.
The companies will explore and trial proof of concept (POC) blockchain-based innovations related to supply chain business networks, hoping to achieve better security, efficiency and transparency.
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