But on Wednesday, Maersk’s head of business platforms, Rotem Hershko, said in a statement, “the need for full global industry collaboration has not been achieved.As a result, TradeLens has not ...

IBM and Maersk are closing TradeLens by the first quarter next year, after the blockchain-based supply chain service failed to attract enough users to be commercially viable.

Last week, TradeLens announced the discontinuation of operations ending operations in the first quarter of 2023. The launch of the platform in 2016 was a joint initiative by A.P. Moller - Maersk ...

“TradeLens was founded on the bold vision to make a leap in global supply chain digitization as an open and neutral industry platform,” said Rotem Hershko, head of business platforms at Maersk.

TradeLens was launched in 2018 with the aim of digitizing and streamlining global supply chains. IBM and the GTD Solution division of Maersk worked together to build the system as a blockchain ...

Maersk and IBM will wind down their shipping blockchain TradeLens by early 2023, ending the pair’s five year project to improve global trade by connecting supply chains on a permissioned blockchain.

Danish shipping giant AP Moller-Maersk and tech giant IBM have discontinued TradeLens, a blockchain-enabled global trade platform. Launched in 2018, the platform aimed to bring together various ...

Maersk Quietly Quits TradeLens Blockchain Project. PYMNTS . Fri, Dec 2, 2022, 1:04 PM 3 min read. In This Article: AMKBY . With the crypto industry under fire, some blockchain projects are also on ...

IBM and Maersk Ditch TradeLens. When IBM and Maersk set out on TradeLens, the crypto market wasn’t nearly as large as it is now. As such, blockchain technology was even more niche and unknown to ...

United States technology company IBM and Danish logistics firm Maersk have decided to discontinue their co-developed blockchain-backed supply chain platform, TradeLens, citing a lack of “global ...