carriers CMA CGM and MSC Mediterranean Shipping Company (MSC) have joined
blockchain-enabled digital shipping platform TradeLens (www.tradelens.com).
TradeLens developed by A.P. Moller -
Maersk and IBM
platform, which enables participants to connect, share information and
collaborate across the shipping supply chain ecosystem, is jointly developed by
A.P. Moller - Maersk and IBM. Apart from promoting TradeLens, the companies
will offer their customers and partners complementary services on the platform.
TradeLens, a transparent record of
transactions for large networks
members get a comprehensive view of their data and are able to digitally
collaborate as cargo moves around the world. This helps to create a
transparent, secured, immutable record of transactions, especially for large
networks of disparate partners.
It enables permissioned parties access
to trusted data in real time
to a press release, “blockchain establishes a shared, immutable record of all
the transactions that take place within a network and enables permissioned
parties access to trusted data in real time.”
Participants derive significant value
is a cornerstone of the CMA CGM Group’s strategy to provide an end-to-end offer
tailored to our customers’ needs. We believe that TradeLens, with its
commitment to open standards and open governance, is a key platform to help
usher in this digital transformation. TradeLens’ network is already showing
that participants from across the supply chain ecosystem can derive significant
value,” said Rajesh Krishnamurthy, executive vice president, IT &
transformations, CMA CGM Group.
TradeLens has 100 participants
currently has 100 participants on its platform. It gives real-time ownership
rights and permissioned access to shipping data while also committing to ensure
privacy and confidentiality. “More than a hundred participants have put their
trust in the TradeLens network and are gaining greater transparency and
simplicity in the movement of goods. Together we are advancing a shared aim to
modernize the world’s trading ecosystems,” said Bridget van Kralingen, senior
vice president, global industries, clients, platforms & blockchain, IBM.
TradeLens with enormous potential to
push industry to digitize
collaboration is a key to the evolution of the container shipping industry. The
TradeLens platform has enormous potential to spur the industry to digitize the
supply chain and build collaboration around common standards. We think that the
TradeLens Advisory Board, as well as standards bodies such as the Digital
Container Shipping Association, will help accelerate that effort,” said André
Simha, chief digital & information officer, MSC.