CMA CGM and MSC have now integrated onto the TradeLens blockchain-based platform, aiming to ensure a more fully integrated, timely and consistent view of logistics data for their containerised freight around the world.
Their integration to the digital platform, which was jointly developed by IBM and A.P. Moller-Maersk, means that data on nearly half of the world’s ocean container cargo is now available on the platform.
Both carriers will join Maersk as platform foundation carriers with a role in expanding the ecosystem and platform operations, including playing key roles as validators on the blockchain network.
According to the partners, the milestone will help towards ending the supply chain’s reliance on paper-based trade and manual document handling that lead to increased costs and reduced business continuity.
Instead the carriers along with IBM and the TradeLens network of terminals, customs authorities and 3PL and intermodal providers hope to make it easier to quickly and more reliably share documents and shipping data and digitally collaborate.
Marc Bourdon, CMA CGM senior vice president, commercial agencies network, said: “Digitisation is a cornerstone of the CMA CGM Group’s strategy aimed at providing an end-to-end solution tailored to our customers’ needs. An industry-wide collaboration like this is truly unprecedented.
“Only by working together and agreeing to a shared set of standards and goals are we able to enact the digital transformation that is now touching nearly every part of the global shipping industry.”
The announcement completes a digital transformation that has taken more than a year, requiring considerable investment in new API capabilities.
An important milestone in the process was a 15-customer pilot involving more than 3,000 unique consignments, 100,000 events and 6,000 containers to ensure the TradeLens platform distributes and shares shipment data across various supply chains with speed and accuracy.
Platform members connected within the ecosystem and share information needed for their shipments based on permissions, without sharing sensitive data.
The addition of CMA CGM and MSC means that customers will find fewer data gaps as they do business with multiple carriers.
Additionally, other members such as ports, terminals, authorities and intermodal providers can benefit from the ability to use permissioned data sharing to provide a comprehensive view of freight moving around the world.
Terminal operators who use TradeLens to improve yard planning will now also be able to access far more comprehensive data for processing multi-carrier vessels.
Andre Simha, global chief digital and information officer, MSC, stated that the platform had the potential “to help carriers and their customers to increase transparency and reduce errors and delays, all at a crucial time when the industry is re-thinking and improving the resiliency of supply chains”.
Other recent additions to the platform include the Commercial Port of Vladivostock, DP World, PT Salam Pacific Indonesia Lines (SPIL), Portbase, QTerminals and Hamad Port, SSA Marine’s Manzanillo International Terminal – Panama (MIT-Panama), Shipwaves, South Asia Gateway Terminals and Yilport Holding.