Many have heralded the prowess of Blockchain the “immutable” hero of technology in the shipping, freight and logistics space..
Blockchain has already been
- successfully used by Banks and Shippers to create Trade Finance documents ;
- creative enough that IBM and Maersk Line are investing in it;
- successfully used by companies to create and transmit smart bills of lading with it ;
Ports and port authorities have also got in on the Blockchain action with the port of Valencia joining the TradeLens project, the technological solution developed by IBM and Maersk to start applying blockchain technology in the global supply chain and the port of Marseille Fos piloting a blockchain based project for supply chain logistics and intermodal freight movement on the Mediterranean-Rhône-Saône axis (MeRS) transport corridor..
The TradeLens project has been further strengthened by the announcement from ZIM Integrated Shipping that it has signed on as a member of TradeLens..