IBM, Maersk launches the blockchain-based shipping platform with 94 early adopters


After launching a concept outline at the start of this year, IBM and Maersk presented TradeLens, the production version of an electronic ledger to monitor global shipments; the companies say they have 94 participants piloting the system, including more than 20 port operators and terminals.

The jointly developed shipping log records the details of shipments of goods as they leave their origin, arrive in ports, are shipped overseas and finally received.

During the transport process, all parties involved in the supply chain can display tracking information such as shipment arrival times and documents such as customs exits, commercial invoices and bills of lading in near real time via the authorized ledger blockchain.

More than 160 million of these shipping events were captured on the platform, according to IBM and Maersk. "These figures are growing at a rate close to one million events a day," the companies said

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