IBM-Maersk Shipping Blockchain Gains Steam With 15 Carriers Now On Board
CoinDesk, July 2nd, 2019
July 2, 2019,
Volume 256, Issue 1

IBM has recruited two more major shipping carriers to join the blockchain platform it co-owns with container giant Maersk

"Hapag-Lloyd and Singapore-based Ocean Network Express (ONE) - the world's fifth and sixth largest carriers respectively - are the latest ocean carriers to join the TradeLens blockchain.

They follow top-five carriers CMA CGM and MSC, which joined TradeLens last month.

Aside from Maersk and its subsidiary Hamburg Sud, TradeLens was launched in early 2018 with just one other shipping carrier, Asia's Pacific International Lines (PIL), 17th in the world based on cargo volumes.

Over the course of last year, IBM's TradeLens struggled to sign up Maersk's competitors; as CoinDesk reported, rival carriers were put off by IBM and Maersk essentially owning the platform..."

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