Major global container carriers CMA CGM and MSC Mediterranean Shipping Company (MSC) have announced completion of integration with TradeLens.
The digital platform, which aims to integrated, timely and consistent view of logistics data for containerized freight around the world is run on IBM Cloud (NYSE:IBM) and IBM Blockchain, and was jointly developed by IBM and A.P. Moller – Maersk (MAERSKb.CO).
CMA CGM and MSC will partner with Maersk who is tasked to act as platform foundation carriers with a role in expanding the ecosystem and platform operations, including playing key roles as validators on the blockchain network.
Digitization
“Digitization is a cornerstone of the CMA CGM Group’s strategy aimed at providing an end-to-end solution tailored to our customers’ needs. An industry-wide collaboration like this is truly unprecedented. Only by working together and agreeing to a shared set of standards and goals are we able to enact the digital transformation that is now touching nearly every part of the global shipping industry,” said Marc Bourdon, CMA CGM Senior Vice President, Commercial Agencies Network.
TradeLens members use the platform to connect within the ecosystem and share information needed for their shipments based on permissions, without sharing sensitive data. TradeLens makes it possible to access data from the source in near real-time, boosts the quality of information, provides a comprehensive view of data as cargo moves around the world, and helps create a timelier, secured record of transactions.
Launched in 2018, the TradeLens ecosystem now includes more than 175 organizations – extending to more than 10 ocean carriers and encompassing data from more than 600 ports and terminals. Already it has tracked 30 million container shipments, 1.5 billion events and roughly 13 million published documents.
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