CMA CGM, MSC, Maersk, ZIM and other operators committed to the Blockchain TradeLens platform, jointly developed by A.P. Moller Maersk and IBM. This means that information on almost half of the world’s cargo of maritime containers will be available in TradeLens.
As explained, the addition of the two operators will provide a significant boost to TradeLens’ vision of greater confidence, transparency and collaboration in all supply chains to help promote global trade. The companies will promote TradeLens and create complementary services at the top of the platform for their clients.
“Digitalization is a cornerstone of the strategy of the CMA CGM Group to offer a comprehensive offer adapted to the needs of our customers. We believe that TradeLens, with its commitment to open standards and open governance, is a key platform to help introduce this digital transformation, “said Rajesh Krishnamurthy, Executive Vice President, IT & Transformations, CMA CGM Group.
“The TradeLens network is already demonstrating that participants throughout the supply chain can obtain significant value,” he added.
“Digital collaboration is a key to the evolution of the container transport industry. “The TradeLens platform has enormous potential to stimulate the industry to digitize the supply chain and develop collaboration around common standards,” said André Simha, Director of Digital Computing at MSC.
“We believe that the TradeLens Advisory Board, as well as standards bodies such as the Digital Container Shipping Association, will help accelerate that effort,” Simha continued.
TradeLens allows participants to connect, share information and collaborate throughout the ecosystem of the maritime transport supply chain. Members get a complete view of their data and can collaborate digitally as the cargo moves around the world, which helps create a transparent, secure and immutable transaction log.
With more than 100 participants on the platform today, TradeLens is already processing more than ten million discrete transport events and thousands of documents each week, providing shippers, carriers, freight forwarders, customs officials, port authorities, suppliers of land transport and others a common vision. Of the transactions, which can generate confidence. According to Maersk, the commitment to data ownership rights and authorized access to data helps ensure privacy and confidentiality, while allowing users to collaborate more efficiently with real-time access to data. the transport data.
“More than one hundred participants have placed their trust in the TradeLens network and are acquiring greater transparency and simplicity in the movement of goods. Together we are moving forward on a shared goal to modernize the world’s commercial ecosystems, “said Bridget van Kralingen, IBM Senior Vice President of Global Industries, Customers, Platforms and Blockchain.
CMA CGM and MSC will operate a blockchain node, will participate in a consensus to validate transactions, host data and will assume the fundamental role of acting as trust anchors or validators for the network. The two companies will be part of the TradeLens Advisory Board, which will include members from across the supply chain to advise on standards of neutrality and openness.