CMA CGM and MSC to join TradeLens
Global container carriers CMA CGM and MSC will join TradeLens, a blockchain-enabled digital shipping platform, jointly developed by A.P. Moller - Maersk and IBM. With CMA CGM, MSC, Maersk, and other carriers committed to the platform, data for nearly half of the world's ocean container cargo will be available on TradeLens.
"Digitization is a cornerstone of the CMA CGM Group's strategy to provide an end-to-end offer tailored to our customers' needs. We believe that TradeLens, with its commitment to open standards and open governance, is a key platform to help usher in this digital transformation", says Rajesh Krishnamurthy, Executive Vice President, IT & Transformations, CMA CGM Group.
"TradeLens' network is already showing that participants from across the supply chain ecosystem can derive significant value."
"Digital collaboration is a key to the evolution of the container shipping industry. The TradeLens platform has enormous potential to spur the industry to digitize the supply chain and build collaboration around common standards", says André Simha, Chief Digital & Information Officer, MSC.
"We think that the TradeLens Advisory Board, as well as standards bodies such as the Digital Container Shipping Association, will help accelerate that effort."
With more than 100 participants on the platform today, TradeLens is already processing over ten million discrete shipping events and thousands of documents each week, providing shippers, carriers, freight forwarders, customs officials, port authorities, inland transportation providers, and others a common view of transactions, which can build trust. A commitment to data ownership rights and permissioned access to data helps ensure privacy and confidentiality while enabling users to collaborate more efficiently with real-time access to shipping data.
"The major advances IBM continues to make in blockchain illustrate that the technology is fostering new business models and playing an important role in how the world works", says Bridget van Kralingen, Senior Vice President, Global Industries, Clients, Platforms & Blockchain, IBM.
"More than a hundred participants have put their trust in the TradeLens network and are gaining greater transparency and simplicity in the movement of goods. Together we are advancing a shared aim to modernize the world's trading ecosystems."