The Port Authority of the Bay of Algeciras (APBA) has signed a Memorandum of Understanding with IBM to join the TradeLens blockchain platform, according to
Europa Press. The Port is situated on the Bay of Gibraltar. It’s the Spanish port closest to Morocco and has the shortest crossing distance between Africa and Europe. Valencia is already a network member.TradeLens is the platform launched by IBM and Maersk to digitize container shipping.
TradeLens launched six months ago and became fully
commercially available in December. At that stage, it revealed it has more than 60 network members. These include four container shipping carriers, three inland carriers, 40 ports and terminals and eight customs authorities.
At the time of the launch Bridget van Kralingen, senior VP, IBM Global Industries, Solutions and Blockchain said: “We believe blockchain can play an important role in digitizing global shipping, an area of the global economy that moves four trillion dollars of goods every year. However, success with the technology rests on a single factor – bringing the entire ecosystem together around a common approach that benefits all participants equally.”
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