IBM and Moller-Maersk Aim to Transform Global Supply Chain With Blocks

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Danish based Moller-Maersk the world’s largest container shipping company is collaborating with IBM to integrate blockchain technology into the global supply chain.

Together they have created and released TradeLens a blockchain platform operating through IBM’s cloud offering.

TradeLens uses the blockchain to build smart contracts which allow multiple groups to work together with a single shared view of transactions that doesn’t break standards around privacy and sensitive data.

Writing in the release IBM note how companies utilising blockchain smart contracts and TradeLens enable: “importers/exporters, customs brokers, trusted third parties such as Customs and NGOs to collaborate in cross-organizational business

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