French shipping firm CMA CGM Group and Swiss shipping line MSC Mediterranean Shipping Company (MSC) are set to join blockchain-enabled digital shipping platform TradeLens.
The blockchain platform is collectively developed by AP Moller – Maersk and tech giant IBM. It allows participants to connect, exchange information and partner across the shipping supply chain.
It digitises the supply chain process from end to end and allows authorised participants to access trusted data in real time.
CMA CGM Group IT and transformations executive vice president Rajesh Krishnamurthy said: “Digitisation is a cornerstone of the CMA CGM Group’s strategy to provide an end-to-end offer tailored to our customers’ needs.
“We believe that TradeLens, with its commitment to open standards and open governance, is a key platform to help usher in this digital transformation. TradeLens’ network is already showing that participants from across the supply chain ecosystem can derive significant value.”
TradeLens already has more than 100 participants and is currently processing more than ten million discrete shipping events and thousands of documents each week.
TradeLens offers shippers, carriers, freight forwarders, customs officials, port authorities, inland transportation providers, and others a complete view of their data.
It also allows participants to digitally collaborate as cargo moves around the world.
AP Moller – Maersk chief commercial officer Vincent Clerc said: “While carrier participation is critical, it is important to note that the TradeLens platform relies on participation from across the entire supply chain ecosystem.
“Increasing ease of doing business for our customers and providing visibility across the container journey is at the centre of the Maersk strategy.
“And TradeLens is all about that in its aim to transform the supply chain industry and provide value to all players, from freight forwarders to ports and terminal operators and inland transportation providers, to customs and other governmental agencies, and ultimately to the customers themselves.”