DP World digitises global supply chains using TradeLens
DUBAI's DP World has completed the early stages of integration with blockchain-based digital container logistics platform TradeLens in a move to digitise global supply chains
DUBAI's DP World has completed the early stages of integration with blockchain-based digital container logistics platform TradeLens in a move to digitise global supply chains.
TradeLens, jointly developed by AP Moller-Maersk and IBM, brings together data from the entire global supply chain ecosystem including shippers, port operators and shipping lines. It also aims to modernise manual and paper-based documents, replacing them with blockchain enabled digital solutions.
The collaboration between DP World and the TradeLens platform will help accelerate the digitisation of global supply chains. DP World aims to connect all its 82 marine and inland container terminals, as well as feeder companies and logistics divisions with TradeLens, reports Seatrade Maritime News, Colchester, UK.
In 2019 DP World's terminals handled 71.2 million TEU containers from around 70,000 vessels.
Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, said: 'By working with TradeLens we will accelerate the digitisation of global trade. Modernising the processes by which logistics operate is critical to building more robust and more efficient supply chains which will help economic development and generate more prosperity.'
TradeLens provides visibility across the entire supply chain, from booking to clearance to payments and is built on a wealth of input from the industry including direct integrations with more than 110 ports and terminals, more than 15 customs authorities around the world and an increasing number of intermodal providers.
'With four of the five largest global port operators actively engaged with TradeLens, the coverage of the ecosystem continues to expand rapidly,' said Mike White, CEO GTD Solutions and Head of TradeLens.