Maersk and IBM Dis if Tradelens Blockchain Block – Bits Media

One of the largest logistics companies Maersk and IBM announced the imminent cessation of TradeLens, a comprehensive blockchain platform for tracking supply chains..

According to the head of the business platforms in Maersk, Remem Hereshko (Rotem heshko), Tradelens was created "with a confident look at the transfer of global supply chains in digital view". It was supposed to be an open and neutral industry platform.

but, Despite the real advantages, Provided by TRADELENS, Global industry cooperation was never established. As a result, the platform did not be able to achieve commercial payback, necessary to continue existence and development.

Despite, that several large companies and ports connected to Tradelens and used a blockchain to ensure additional transparency of supplies, The platform will be disconnected already in the first quarter of next year.

Hurshko emphasized, that Maersk will continue his efforts to translate the documentation of the supply chains in digital appearance and will increase innovations in the industry using other solutions. Tradelens showed, that digital solutions reduce the number of delays and maintain global trade.

Note, that at the end of September, the CITIGROUP banking consortium using the TRADELENS platform conducted the first non -documentary trading operation.