Today
Maersk and IBM announced their jointly developed supply chain blockchain project is called
TradeLens. 94 organizations have agreed to participate in the platform as early adopters. Some of these organizations are actively involved in other blockchain initiatives.
The twelve-month trial involved identifying ways to reduce delays and documentation errors. During the period, the platform captured more than 154 million shipping events. The outcome is a permissioned blockchain that provides a single view of a transaction between all parties but maintains appropriate confidentiality.
In addition to tracking documents, the platform has IoT and sensor data to measure temperature control, container weight and other aspects.
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