Last week Canadian customs broker Livingston International
announced that it has joined the IBM / Maersk TradeLens blockchain network. It’s also participating in a pilot with the Canada Border Services Agency (CBSA).
TradeLens is the container-centric digital shipping solution that aims to make global trade more efficient by reducing errors and cutting out wasted time. Livingston employs 3,200 staff at 100 ports around the world and is also involved in freight forwarding.
The blockchain network already has a Canadian contingent, and Halifax Port Authority CEO Karen Oldfield spoke at the
IBM Think event in February. She stated that 20% of the cost of moving a container is administration. Oldfield also told a vivid story about the level of inefficiencies involved merely at the point of docking. [
Video: Oldfield starts just after 17 minutes.]
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