Maersk and IBM Introduce TradeLens Blockchain Solution


IBM and Maersk are tightening their partnership by introducing TradeLens, a collaborative solution for global commerce based on blockchain technology.

The two companies spent some time working together on blockchain technology solutions. With the recently unveiled TradeLens platform, companies are addressing to many of the costly, manual and inefficient processes, which impact global freight and global supply chains, particularly in shipping. The goal is to achieve a greater transparency and efficacy in supply chains. The World Economic Forum estimates that global trade could grow by almost 15 percent by removing barriers in international supply chains.

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