TradeLens a blockchain shipping platform developed by IBM and Danish logistics giant Maersk has signed a deal with a major Turkish international terminal operator. TradeLens is a global supply chain management platform. It is designed to handle containerized cargo and streamline logistics. It was launched in April 2018 by IBM and Maersk. It works by providing open APIs. These interfaces on immutable and secure search and sharing of supply chain data using blockchain. Turkey's YILPORT Holding operates 22 terminals (including 6 inland terminals) in 11 countries. In July 2020, it began the process of integrating data from its Gebze and Gemport terminals in Turkey. Now that the integration has been completed, the company will have access to the data flows. This will allow for more efficient management of assets and containerized cargo. The data exchange between Yilport and the platform will have six main API messages. These will be "entrate in, gate out, vessel load, vessel discharge, actual load date list and actual discharge date list". Furthermore, via TradeLens, container shipping data is available on the blockchain for various stakeholders along the supply chain. We are talking about shippers, agencies, port operators, customs authorities or financial service providers, among others. The IBM and Maersk initiative engages in the coordination of various government agencies and customs authorities from around the world. In doing so, it attracts clients from Indonesia, Thailand, Azerbaijan, the United States and Canada, among others. Blockchain in the world In recent times, blockchain technology is booming and is recommended as a key tool. Many industries and businesses as well as organizations are drawing from it. We recently informed you that some governments are using it to fight COVID-19. The World Economic Forum recently released a report on implementing blockchain-based solutions in supply chains. It stated that if these innovative solutions were implemented before the pandemic, it could improve many commodity markets with respect to personal care supplies and medical supplies, for example. The aforementioned forum also published a toolkit to help with the introduction of blockchain. These are intended to help governments and businesses adapt their supply chains to the current economic climate and global trade turmoil. Tags abc blockchain Blockchain blockchain transportation
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