Blockchain Platform Developed by IBM and Maersk First Lands Russia
[ChainDD report] June 13 (ChainDD) Maersk, the world’s largest container carrier, announced it has signed a Memorandum of Understanding (MoU) with Russian Ministry of Transport on June 5, allowing TradeLens, blockchain-based supply chain platform jointly developed by IBM and Maersk being implemented in Russia for the first time.
Following the MoU, St. Petersburg area becomes the pilot for the launch and its port—Russia’s main container gateway joins TradeLens’ ecosystem of companies and organisations pioneering digitised container documentation flows in the global supply chain.
According to ChainDD’s previous news, TradeLens was launched in January, 2018 and as of the end of May 2019, more than 100 companies, ports and authorities have signed up for TradeLens, including Procter & Gamble and US Customs and Border Protection (CBP). Mediterranean Shipping Co (MSC) and CMA CGM, the second and fourth largest container shipping companies in the world, joined in May, which means nearly half of all cargo transported by sea will be tracked through this platform.