The most prominent attempt to create a global standard for electronic bills of lading (eBLs) was TradeLens, backed by Maersk, IBM and others. It, too, failed. The reason may be related to the ...

GSBN operates a large platform that is similar to Maersk's TradeLens tool but is based on a permissioned blockchain with stringent data governance, enabling only authorised parties to contribute ...

Then another bombshell came a couple of weeks later, when Maersk and IBM announced they were discontinuing the TradeLens blockchain network. Supply chain and logistics management was supposed to ...

Entering unchartered waters also means that costs change as projects evolve. Network building is a delicate process When Maersk began collecting members of the TradeLens network, an entirely new ...

This week, Danish shipping giant Maersk and IBM announced that after four years their blockchain-based TradeLens digital ledger for tracking global shipments will shut down in the first quarter of ...

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 ...

IBM (NYSE:IBM) and AP Moller – Maersk (OTCMKTS:AMKBY) sought to answer this question five years ago. But as the pair wind down their TradeLens project, the blockchain faithful have yet another ...

Computing giant IBM Corp. and Danish shipping company A.P. Moller – Maersk are discontinuing their blockchain-enabled shipping platform, TradeLens, which was jointly developed by the two ...

The platform called TradeLens will be phased out by the end of March next year, Maersk said. "While we successfully developed a viable platform, the need for full global industry collaboration has ...

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.

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 ...