Maersk & IBM launch blockchain solution

In a follow up to their January announcement, A.P. Moller-Maersk and IBM last week announced the creation of TradeLens, jointly developed by the two companies to apply blockchain to the global supply chain. TradeLens, the result of a collaboration agreement between Maersk and IBM, is a blockchain-enabled shipping solution designed to promote more efficient and
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A.P. Moller – Maersk and IBM have created TradeLens, a solution jointly developed by the two companies to apply blockchain to the world’s global supply chain. This follows the January announcement when the duo unveiled the collaboration aimed at offering a global trade digitization platform by using blockchain technology. As explained, the new blockchain-enabled shipping solution
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SINGAPORE: Trade facilitation, especially across Asia, is set to be improved with the launch of Global eTrade Services’ (GeTS) Open Trade Blockchain (OTB), an inclusive and extensible blockchain service. The CrimsonLogic unit claims the service will improve overall efficiency, security and transparency for global trade. It is also the region’s first cross border blockchain platform
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GENEVA: Blockchain technology is expected to have a profound impact on trade and transport, according to UNCTAD and the UNECE’s United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT). The technology aims to simplify and streamline trade processes through digitization offering greater transparency, cutting time and costs. In its current form, trade processes require
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SAN JOSE, CA: Global shipment management software solutions provider CargoSmart, working with Oracle, has launched an initiative to develop a blockchain solution for shipment documentation to improve complex supply chain processes that it claims can cut down document processing time by 65%. The solution establishes a digital baseline for trusted shipment documentation management across the
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The Antwerp Port Authority and the Antwerp blockchain start-up T-Mining have developed a solution to make document flows safer and more efficient. Documents, such as certificates of origin and phytosanitary certificates, are transferred via blockchain technology and the document flow is automated by means of so-called “Smart Contracts”. Together with Belfruco, Enzafruit, PortApp, 1-Stop and
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A new marine insurance blockchain platform backed by Maersk Group has been launched today to support marine hull insurance. Named Insurwave, the platform has been built by a joint venture between EY and Guardtime and leverages blockchain and distributed ledger technologies Microsoft Azure infrastructure and ACORD data standards. The platform is planned to support more
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DNV GL, the risk management and quality assurance company, has bought a stake in leading public blockchain service provider VeChain as it looks to use the technology to develop new digital assurance solutions. The acquisition builds on the strong relationship between the two firms and follows the recent launch of My Story™, a blockchain enabled
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Blockchain is one of the most influential trends to impact on the logistics and supply chain sector, according to a recent poll by leading industry analyst, Ti-Insight. The global survey found that 56% of supply chain executives believed that the technology was ‘a game changer’. A further 30% believed it to be ‘an interesting trend’
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S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, today announced that it is deploying a proprietary, secure Blockchain network to allow market participants to submit weekly inventory oil storage data to Fujairah Oil Industry Zone (FOIZ) and the regulator, FEDCom. FOIZ hosts the Middle East’s
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