IBM Teams Up With Maersk To Launch TradeLens Blockchain Shipping Solution | Crowdfund Insider
Information technology and services giant IBM announced last week it has teamed up with integrated container logistics company Maersk to create blockchain shipping solution, TradeLens. The solution was notably developed by the duo to apply blockchain global supply chain. The companies also revealed, as part of the TradeLens early adopter program, 94 organizations are actively involved or have agreed to participate on the Tradelens platform.
“TradeLens 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. Shippers, shipping lines, freight forwarders, port and terminal operators, inland transportation and customs authorities can interact more efficiently through real-time access to shipping data and shipping documents, including IoT and sensor data ranging from temperature control to container weight.”