The world’s fifth and sixth largest container shippers, Hapag-Lloyd and Singapore-based Ocean Network Express (ONE) have now integrated with the TradeLens blockchain, the container shipping industry network. It’s been almost two years since the two carriers first announced plans to participate in the network, a joint initiative from IBM and Maersk.
TradeLens aims to digitize shipping data, automate processes and enable participants to share data in a permissioned manner using enterprise blockchain.
“We believe TradeLens can bring together all parties in the supply chain to the digital ecosystem where customers can get seamless, transparent and secure sharing of shipping milestones and trade documents. With its open standards and open governance, it can benefit our customers and the entire industry to drive for digitalization and automation,” said Jeremy Nixon, CEO of Ocean Network Express.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
