A.P. Moller –Maersk and IBM announced the creation of TradeLens,  a blockchain-enabled shipping solution. It is designed to bring more transparency and security into global trade and support information sharing. They also announced that 94 organizations are actively involved in participation on the TradeLens platform.

More than 154 million shipping events have been captured on the platform (e.g.arrival times of vessels, containers and documents such as customs releases, commercial invoices and bills). During the 12-month trial, Maersk and IBM worked together to prepare for alpha launching.

“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…”said Bridget van Kralingen, senior vice president, IBM Global Industries, Solutions and Blockchain.