blockchain ’s IBM has signed on to the TradeLens blockchain platform, developed by Maersk and Modern Terminals , which aims to digitise logistics data for the shipping industry. The platform, expected to launch at the end of the year , is designed to act as a single system where shippers, freight forwarders, imports and terminal operators can see the entire supply chain in 26 place. Much of the documentation involved in shipping is currently paper based, meaning processes are inefficient and vulnerable to fraud. TradeLens aims to tackle these issues with blockchain 's end-to-end verification.
Hong Kong’s Modern Terminals has signed on to the TradeLens blockchain platform, developed by Maersk and IBM, which aims to digitise logistics data for the shipping industry. The platform, expected to launch at the end of the year, is designed to act as a single system where shippers, freight forwarders, imports and terminal operators can see the entire supply chain in one place. Much of the documentation involved in shipping is currently paper based, meaning processes are inefficient and vulnerable to fraud. TradeLens aims to tackle these issues with blockchain's end-to-end verification.