ZIM Joins Maersk’s TradeLens Blockchain Platform

ZIMIllustration. Image Courtesy: Pxhere under CC0 Creative Commons license

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.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

Eastern Mediterranean Offshore Conference and Exhibition (EMC) 2020

EMC 2020 conference will arm delegates with technical and commercial knowledge to capitalise…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >