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Maersk and IBM launch blockchain for global supply chains

2018-08-10 Source: Jctrans

Maersk and IBM have launched TradeLens, a blockchain application for global supply chains with the participation of 94 organisations.

The two partners agreed in January to develop the system which uses IBM blockchain technology as the foundation for digital supply chains, empowering multiple trading partners to collaborate by establishing a single shared view of a transaction without compromising details, privacy or confidentiality. It is intended to be an open and neutral system which enables shippers, shipping lines, freight forwarders, port and terminal operators, inland transport and customs authorities can interact more efficiently through real-time access to shipping data ad shipping documents, including IoT and sensor data ranging from temperature control to container weight. TradeLens is available now through an early adopter programme, and is expected to be fully commercially available by the end of this year.
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