Both companies will use blockchain technology to conduct, manage and track transactions in the shipping supply chain. Furthermore, they have created blockchain tools for cross-border transactions among shippers, freight forwarders, ocean carriers, ports and customs authorities.
The blockchain effort was built on the Linux Foundation's open source Hyperledger platform, aiming to replace paper-heavy manual processes with blockchain to improve transparency and secure data sharing.
Maersk and IBM will work with the shipping supply chain to build a blockchain digital platform that will go into production later in 2017.
The Paypers. All rights reserved. No part of this site can be reproduced
without explicit permission of The Paypers(V2.3).