Today, Maersk announced that the Dubai-based port operator and logistics company DP World has completed the initial integration with the TradeLens blockchain container shipping platform. TradeLens is jointly developed by IBM and Maersk and is currently in production.
DP World specializes in cargo logistics, port terminal operations, maritime services, and free trade zones. The company’s terminals handled 71.2 million TEU containers in 2019. It aims to connect all its 82 marine and inland container terminals, feeder companies, and logistics divisions with TradeLens. It is already using the blockchain platform for the Cochin Port in India.
TradeLens is digitizing the container shipping industry to enable transparency and increase trade speed. The platform integrates IoT devices to monitor container cargo and track their movement. TradeLens brings together cargo owners, freight forwarders, rail and trucking providers, ports, terminals, ocean carriers, customs, and other government authorities onto a single platform.
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