Canadian Pacific joins TradeLens blockchain shipping platform
THE Canadian Pacific Railway (CP) has announced it has joined TradeLens, a blockchain-based platform that enables the secure and transparent transfer of container-shipping documents
THE Canadian Pacific Railway (CP) has announced it has joined TradeLens, a blockchain-based platform that enables the secure and transparent transfer of container-shipping documents.
TradeLens was developed by IBM and AP Moller-Maersk specifically for use in the container-shipping industry. It currently handles more than 700 million events and six million documents annually. The system integrates with users' in-house systems via non-proprietary, publicly available APIs designed for ease of setup and use.
This open-API platform will help CP intermodal shippers create, amend and share documents with other supply chain participants, including consignees, beneficial cargo owners, customs agencies, dray operators and steamship lines.
'CP is pleased to join TradeLens as part of its efforts to improve the customer experience through technological innovation,' said CP vice president Mike Redeker.
'Global shipping is a profoundly complex business and TradeLens is improving the information-sharing processes that support the industry. CP is always innovating for the benefit of its customers, and joining TradeLens is an example of that innovation,' said Mr Redeker, who also serves as chief information officer.