I see that a number of companies that have to take supply chain management very seriously are involved. So they believe in the use of this technology. Includes my former company, Procter & Gamble, where we were involved in using very deep analysis of the supply chain via analytics of many kinds. It also very good that the problem addressed is supply chain operational management. Note also the integration of Smart Contracts. Worth a deep look, following.
IBM and Maersk launch TradeLens blockchain shipping platform to lower costs and ship faster By Kyt Dotson in Siliconangle.
IBM Corp. and A.P. Moller-Maersk Group are establishing a new jointly owned company to promote and sell a blockchain-based system for managing global shipping.
The yet unnamed company will use a platform developed by the two companies as part of trial announced in March last year that involved digitizing Maersk’s shipping manifests and operations. The initial offering will include two blockchain-based options: a shipping information pipeline that provides a real-time, transparent view of merchandise movement and smart contracts that replace traditional paper-based processes.
“The objective of the platform is to connect and provide benefits to the supply chain ecosystem,” IBM said in a statement. “A global network of interconnected shipping corridors linking the ports and terminals, customs authorities, shipping lines, third-party logistics (3PLs), inland transportation, shippers and other actors, all together.”
Multiple parties are said to have already piloted the platform, including DuPont, Dow Chemical, Tetra Pak, Port Houston, Rotterdam Port Community System Portbase, the Customs Administration of the Netherlands, and U.S. Customs and Border Protection. A number of others are said to have expressed interest in trying out or working with the platform, including Singapore Customs, Peruvian Customs, General Motors Co. and Procter & Gamble Co. ... "
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