IBM and Maersk’s TradeLens Global Blockchain Shipping Supply Chain Platform is Growing

2018-8-10 00:14

IBM and Maersk’s Blockchain Supply Chain Grows

Tech company IBM and shipping giant Maersk are developing a global trade blockchain platform. The project, called TradeLens, is growing. To date, 94 other firms have joined the project. Even though IBM and Maersk are the only two shareholders of the project and the main investors, the project features diverse participants.

The firms include those form industries such as port operations, customers authorities, logistics companies, and even ocean carriers. Rather than term the project a “partnership,” IBM and Maersk refer to it as a “joint collaboration.” Maersk stated, “At the time of the launch, we wanted to be clear that we were not offering a bespoke Maersk – or IBM-only solution.”

The project just completed its pilot stage and early adopters can participate in its continued development. It is expected that the project will be commercially available by the end of 2018. Once ready, IBM and Maersk will sell access to the platform by contracting with customers. As the sellers, Maersk and IBM will receive the fees and revenue, according to IBM. This model allows the platform to be released to the market more quickly.

As for how the platform works, TradeLens is built upon IBM’s blockchain platform and it uses the Hyperledger Fabric. According to Todd Scott, the VP of Global Trade at IBM, “We have architected all of these solutions so that it’s very easy for data to be exchanged between the two different blockchains – take TradeLens and IBM food Trust for example -if clients were to be inclined.”

TradeLens is also interested in using APIs for shipping purposes, and it is working with shipping standard bodies such as CEFACT. Scott added,

“On top of the bedrock of blockchain technology we are working with standards, and also have 125 or so APIs, and we are going to give all that access to the developer community so they can even create additional technologies of their own on top of it.”

Not everyone is optimistic about the project. Sean Edwards, Chairman of the International Trade and Forfaiting Association stated, that it is fine for IBM and Maersk “to say ‘we are open for everyone to join,’ but all they are really saying is ‘come and use our system.’” Edwards also added that it is becoming a possibility that banks and other entities may have to be present on a number of different platforms and that “I don’t think somebody like Maersk is going to solve that.”

TradeLens is not the only one of its kind being developed. Citigroup is also developing a trade finance and supply change platform with distributed ledger technology, IoT technology, and artificial intelligence.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

High Performance Blockchain (HPB) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0.0064459
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 1.2874 (-100%)

project ibm maersk blockchain growing platform chain

project ibm → Ðåçóëüòàòîâ: 14


Ôîòî:

Barclays, Citigroup and other major banks register for a testing block

Financial News reported on July 27 that LedgerConnect, the lovechild project of foreign exchange processing giant CLS and tech mogul IBM, is in trials. Bridge Between New and Existing Technologies LedgerConnect attempts to provide a comprehensive platform in order to further incentivize banks to take advantage of blockchain projects. The project is designated to deliver easy

2018-8-1 09:07


Ôîòî:

Financial Institutions & IBM Unveil LedgerConnect Blockchain Project

Market infrastructure provider CLS, nine financial institutions and IBM are collaborating on a proof-of-concept (PoC) for LedgerConnect, a distributed ledger technology (DLT) platform designed to enable banks, financial institutions, fintechs and software vendors to share and deploy applications and services hosted on a shared distributed ledger network.

2018-7-31 22:15


Ôîòî:

Financial Institutions & IBM Unveil The LedgerConnect Blockchain Project

Market infrastructure provider CLS, nine financial institutions and IBM are collaborating on a proof-of-concept (PoC) for LedgerConnect, a distributed ledger technology (DLT) platform designed to enable banks, financial institutions, fintechs and software vendors to share and deploy applications and services hosted on a shared distributed ledger network.

2018-8-1 22:15