TIM eMagazine Vol.3 Issue 7
time while enhancing global supply chain security. Modern
Terminals is pleased to participate as a Network Member in
testing this exciting shipping industry innovation."
"As a global logistics provider, CEVA sees a unique
opportunity in TradeLens, joining forces with IBM, Maersk and
other actors from our industry to promote global standards
around an open and neutral solution, delivering on the promise
of blockchain. It is an important step in our relentless journey
to deliver increased value to all our customers and making
business flow," said Christophe Cachat, CIO of CEVA Logistics.
"We believe blockchain can play an important role in
digitizing global shipping, an area of the global economy that
moves four trillion dollars of goods every year. However, success
with the technology rests on a single factor –bringing the entire
ecosystem together around a common approach that benefits
all participants equally," said Bridget van Kralingen, senior vice
president, IBM Global Industries, Solutions and Blockchain.
"Our work with Maersk and other enterprises in the shipping
ecosystem has shown that blockchain can be used to form
a strong, connected network in which all members gain by
sharing important data and that together we can transform a
vital part of how global trade is conducted."
Joint collaboration model to maximize industry adoption
Since announcing the jointly developed solution to digitize
global trade in January 2018, and based on feedback from
various members of the global supply chain ecosystem
who would like to adopt the technology, IBM and Maersk
have modified the go to market model and will now deliver
their solution through an extension of their pre-existing
collaboration agreement instead of a joint venture.
"Our joint collaboration model allows us to better address
key feedback from ecosystem participants while ensuring
TradeLens interoperability and data protection among Maersk,
IBM and all ecosystem participants," said Mike White, TradeLens
leader for Maersk. "We strongly believe this will maximize
industry adoption."
Standards discussions are actively underway with
openshipping.org and work to align the TradeLens APIs with
UN/CEFACT standards is in progress. The TradeLens APIs are
open and available for developer access and feedback from
participants in the platform.
The TradeLens solution is available today through the
Early Adopter Program. TradeLens is expected to be fully
commercially available by the end of this year.
For more information about TradeLens and what ecosystem
participants are saying about this solution, please visit: www.
tradelens.com
www.ibm.com
Credits : ibm.com
"TradeLens uses blockchain technology to create an industry standard for the
secure digitization and transmission of supply chain documents around the world,"
commented Peter Levesque, CEO of Modern Terminals. "This initiative will generate
tremendous savings for our industry over time while enhancing global supply chain
security. Modern Terminals is pleased to participate as a Network Member in testing this
exciting shipping industry innovation."
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