Yesterday Israeli ZIM Integrated Shipping Services
announced it has signed on to the TradeLens blockchain shipping solution. The platform is a joint development between the world’s largest container shipper Maersk and IBM. Some have claimed Maersk’s involvement as a disincentive for other shipping lines to get involved. So the signing of the world’s 11th largest carrier is a massive win.
The TradeLens platform aims to bring together different parties including carriers, freight forwarders, customs officials and others. The ultimate aim is to digitize the documentation process through collaboration, but still to maintain privacy.
“What makes the solution so effective is its ability to deliver these benefits while still allowing carriers like ZIM and others to maintain their competitive advantages,” said Mike White, TradeLens leader for Maersk. “The more carriers and other ecosystem members that join the platform, the closer we come to bringing about a new era in global trade.”
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