Global container carriers CMA CGM and the Mediterranean Shipping Company (MSC) have completed the integration process with the TradeLens blockchain, a joint initiative from IBM and Maersk. Both top five container shippers had announced the partnership with the digital network in May of 2019. However, to date any transactions on the platform have been pilots.
Now that they’re live on TradeLens, MSC and CMA CGM plan to make the data for all their containers available to permissioned parties, which should ramp up the network usage. IBM claims that the addition of the two carriers means data on nearly half of the world’s ocean container cargo will be available on a single blockchain-based platform.
“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,” said Marc Bourdon, CMA CGM SVP.
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