Maersk's blockchain platform TradeLens attracts Hapag-Lloyd and ONE
HAPAG-LLOYD and Ocean Network Express (ONE) are joining the blockchain-enabled digital shipping platform, TradeLens, developed by AP Moller-Maersk and IBM
HAPAG-LLOYD and Ocean Network Express (ONE) are joining the blockchain-enabled digital shipping platform, TradeLens, developed by AP Moller-Maersk and IBM.
Mediterranean Shipping Company (MSC) and CMA CGM are also members of TradeLens. That means that out of the top six largest container shipping lines worldwide only the fourth biggest Cosco Shipping is not a member of the platform that now counts half the globe's container shipping capacity in its membership, reported Seatrade Maritime News, Colchester, UK.
Hapag-Lloyd's information technology managing director Martin Gnass was quoted as saying: 'TradeLens has made significant progress in launching a much-needed transformation in the industry, including its partnership model.
'Now, with five of the world's six largest carriers committed to the platform, not to mention many other ecosystem participants, we can collectively accelerate that transformation to provide greater trust, transparency and collaboration across supply chains and help promote global trade.'
Singapore-headquartered and Japanese owned line ONE furthermore boosts TradeLen' position in the Asian market.
'We believe this innovative approach based on open standards and open governance can benefit the entire industry while ultimately benefitting our customers who rely on the world's shipping industry to transport global container volume of more than 120 million TEU across international borders each year,' said ONE's innovation managing director Noriaki Yamaga.
Hapag-Lloyd and ONE will both operate a blockchain node, act as trust anchors and become members of the TradeLens advisory board.
Hapag-Lloyd has a containership capacity of 1.7 million TEU, while ONE has 1.55 million TEU.