Israel’s ZIM Integrated Shipping Services has become the latest member of the Maersk-IBM developed digital shipping platform TradeLens.
The platform uses blockchain technology to enable trust between multiple trading partners when transacting in a digitized global trade documentation process.
ZIM said that by joining TradeLens it would be able to continue its push toward the digitalization of processes.
“ZIM endorses a proactive approach of promoting and investing in innovative digital solutions, such as the pioneering blockchain-based electronic Bill of Lading initiative, in collaboration with Wave Inc, and the recent investment in Ladingo, a ground-breaking e-commerce solution,” Eyal Ben Amram, ZIM CIO, said.
“The more carriers and other ecosystem members that join the platform, the closer we come to bringing about a new era in global trade,” Mike White, TradeLens leader for Maersk, commented.
According to ZIM, over five million shipments have been recorded on TradeLens to date by more than 60 network members and 100 total ecosystem members. ZIM is expected to begin contributing data to the platform before the end of 3Q 2019.
TradeLens members get a single shared view of a transaction without compromising details, privacy or confidentiality and can collaborate more efficiently and with greater certainty through real-time access to shipping data and shipping documents.