Maersk and IBM pilot blockchain platform
Maersk and IBM have launched their blockchain information sharing platform, with 94 organisations including terminal operators and shipping lines taking part in the pilot study.
TradeLens, which is expected to be commercially available by the end of the year, uses blockchain technology to enable transactions without compromising details, privacy or confidentiality and allows parties across the supply chain to interact more efficiently through real-time access to data and documents.
Terminal operators including PSA Singapore, International Container Terminal Services Inc (ICTSI)and Modern Terminals have signed up to the pilot, while Pacific International Lines (PIL) has joined Maersk Line and Hamburg Süd as global container carriers participating in the solution. Customs authorities and freight forwarders from around the world are also participating.
You need a free subscription to read the entire article.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.
Related Posts
Other News
Container Management (cm) has been published for more than 30 years serving the port, terminal, intermodal and container handling equipment industries worldwide.
