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 ...

Maersk—the largest shipping container company in the world—took the bold step of forming a blockchain-enabled platform called TradeLens to transform the shipping industry. However, up until ...

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 ...

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 ...

Since Maersk and IBM launched TradeLens 10 months ago, only one other carrier has joined the network. As those involved admit, that's not enough. BTC $103,562.23-0.64 % ETH $2,422.36- ...

IBM and Maersk said their blockchain shipping platform has more than 94 corporations, carriers, ports, customs authorities, ... TradeLens is refining its processes for more adoption.

TradeLens, which was developed by IBM and Maersk, a Danish logistics company, is "an open and neutral industry platform" that "promotes a more efficient, predictable and secure exchange of ...

They follow top-five carriers CMA CGM and MSC, which joined TradeLens last month. Aside from Maersk and its subsidiary Hamburg Süd, TradeLens was launched in early 2018 with just one other ...

Cargo shipping giant Maersk and IBM today announced TradeLens, a technology that applies blockchain to the global supply chain.. TradeLens takes advantage of blockchain, the decentralized public ...

Computing giant IBM Corp. and global shipping company A.P. Moller-Maersk Group announced Thursday the official launch of TradeLens, a distributed ledger blockchain platform for tracking shipments and ...