On July 9th, business giants IBM and A.P. Moller – Maersk released a press release through www.prnewswire.com informing the world about TradeLens, a platform that is designed to become the worlds’ most powerful shipping ecosystem.

Coming from somebody else, this might be a surprise, but both IBM and Maersk are giant players in international business. This endeavor combines their blockchain and logistics experience to create a truly powerful solution that will digitize global supply chains and enable shipping companies to access an efficient, predictable and secure information exchange.

In the long term, solutions like TradeLine will provide the world with the ability to facilitate bigger collaborations faster and safer, because they are providing the trust and stability necessary to make solid business decisions for key figures in the industry.

More than just a prototype

TradeLens has been working in the background for about a year and has already recorded 154 million shipping events, and currently is growing at 1 million events per day. This is all due to the participation of about 90 organizations that are already a part of the platform.

IBM and Maersk have been working on this behind the curtain and have managed to hide their great results for now. They’ve attracted various organizations into the fold, including but not limited to customs authorities, cargo owners, freight forwarders, shipping companies. These results should not surprise anybody and they are to be expected from great players in the industry like these.

If you want to learn more about this solution, visit the official website, or even better read the press release they published on prnewswire especially if you want to learn about the platform. The news was published by IBM themselves, so all of the information is valid and reliable.

Future potential

Blockchain can, and if we ask IBM and Maersk, will play a very important role in digitizing global shipping. This huge industry is worth over four trillion dollars in goods every year. Fortunately, the stakeholders are focusing on the most important aspects of any blockchain or tech solution i.e. adoption.

Their goals are to connect the ecosystem together through TradeLens and provide a single common approach that benefits all participants equally.

Bridget van Kralingen, senior vice president at IBM believes that blockchain is the technology necessary to create the reliable information network that will provide benefits across the entire spectrum.

You may be interested

shares12 views

The Debate Over Bitcoin’s Dominance Re-Ignites As Markets Begin Recovery

Brian Evans - Mar 24, 2019

Signs continue to emerge that the bear market may finally be at an end, as values across the crypto space are inching upwards and a number of…

shares9 views

FEMA Data Breach Exposes Private Data of Nearly 3 Million Individuals

Brian Evans - Mar 23, 2019

A data breach has occurred within the Federal Emergency Management Agency (FEMA), resulting in the private data of nearly three million disaster victims being shared with an…

shares14 views

Litecoin Price Holds its own Above $60

Brian Evans - Mar 23, 2019

The top cryptocurrency markets are not necessarily performing as expected. That is completely normal behavior when Bitcoin turns ever so slightly bearish once again. It puts a…

Most from this category

%d bloggers like this: