Developed by IBM and Maersk, 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. It utilises blockchain smart contracts and is designed so that users 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.<\/p>\n
\u201cTradeLens uses blockchain technology to create an industry standard for the secure digitisation and transmission of supply chain documents around the world,\u201d commented Peter Levesque, CEO of Hong Kong-based Modern Terminals, one of the 94 organisations involved in the TradeLens early adopter programme.<\/p>\n
\u201cThis initiative will generate tremendous savings for our industry over time while enhancing global supply chain security,\u201d he added.<\/p>\n
Targeting delays<\/strong><\/p>\n During a 12-month trial, Maersk and IBM worked with dozens of ecosystem partners to identify opportunities to prevent delays caused by documentation errors, information delays, and other impediments.<\/p>\n Since first announcing the jointly developed solution in January 2018, IBM and Maersk have decided to deliver TradeLens through a joint collaboration model instead of a joint venture, to better address key feedback and maximise adoption.<\/p>\n TradeLens is expected to be fully commercially available by the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":" More than 20 global ports and terminal operators are supporting a new blockchain enabled shipping solution which aims to promote more efficient and secure global trade, support information sharing and transparency and encourage industry-wide innovation.<\/p>\n","protected":false},"author":8,"featured_media":233,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[58],"tags":[],"sponsor":[],"class_list":["post-232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-container-cargo-handling"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=232"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/232\/revisions"}],"predecessor-version":[{"id":234,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/232\/revisions\/234"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/233"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=232"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}