Hapag-Lloyd and Ocean Network Express have become the latest shipping lines to join the TradeLens blockchain platform developed by Maersk and IBM.
Other lines participating include MSC and CMA CGM. With the new additions TradeLens covers more than half of the world’s container cargo.
TradeLens was launched to help modernise the world’s supply chain ecosystems. Many of the processes for transporting and trading goods are costly, in part, due to manual and paper-based systems. Replacing these peer-to-peer and often unreliable information exchanges, the platform enables participants to digitally connect, share information and collaborate across the shipping supply chain ecosystem.