Another Feather in the Cap for Maersk and IBM’s TradeLens Blockchain Platform October 22, 2019 October 22, 2019 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsOctober 22, 2019 by Kelly Cromley

Another Feather in the Cap for Maersk and IBM’s TradeLens Blockchain Platform

North America based container terminal operator, Global Container Terminals (GCT), has become a member of Maersk and IBM’s blockchain shipping solution TradeLens.

As a portion of the endeavor, Vanouver, Canada-based GCT will systematically unveil the blockchain powered platform at the four terminals operated by the firm.

GCT intends to utilize the platform to enhance visibility on the cargo supply chain that covers North American east and west coasts. The platform will set up a safe interlink between all parties making up the supply chain, including cargo owners, ocean carriers, and also railways.

Along with two Canadian terminals, GCT Deltaport and GCT Vanterm, which are supposedly Canada’s largest marine terminal, GCT also manages New Jersey based Bayonne and GCT New York.

TradeLens, which was unveiled in summer 2018, has signed up five of the major six ocean carriers across the globe. Ten of GCT’s ocean carrier clients have shown interest in the platform. As of September 2019, the platform has enrolled more than 100 organizations in addition to 55 ports and terminals, as per Maersk report.

In May 2019, TradeLens signed up two international shipping companies, namely Switzerland-based Mediterranean Shipping Co, which is the second-largest shipping enterprise in the world, and French CMA CGM, the world’s fourth-largest container shipping company.

In the final week of August, Thailand’s Customs Department revealed its plan to employ TradeLens to track shipping in Thai ports.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.