On the 13th of May Saudi Customs
announced it has executed its first blockchain powered shipment on the TradeLens platform. The cargo left from Dammam Port in Saudi Arabia for Rotterdam. For the pilot, the documents and data were processed by all parties to the shipment on FASAH, Saudi Arabia’s national single window for digital cross border trade transactions.
The Saudi Customs’
partnership with TradeLens started last year. The aim is to transform the shipping industry in the region, improving efficiency and transparency and enabling a real-time view of operations.
TradeLens is the blockchain shipping logistics platform co-developed by Maersk and IBM. The solution provides an open and transparent view of a transaction without compromising privacy or confidentiality.
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