Demo of how IBM and Maersk are digitizing and simplifying global trade to create trust and transparency in the supply chain using a permissioned platform accessible by the supply chain ecosystem designed to exchange events data and handle document workflows. The example shows how shipping flowers can create trust and security in a digitized workflow while improving the efficiencies of global supply chains.
The world relies on a trade ecosystem of unprecedented scale and complexity with more than $16 trillion of goods a year. 80% of the things that we use every day arrive by ship. Every hour, of every day, a minor miracle of international logistics. But the industry is too disjointed. Too siloed. Too uncoordinated. Resulting in inaccurate information, shipment delays, unpredictability and fraud. And $1.8 trillion of untapped potential.
TradeLens is a digital shipping platform, powered by blockchain, that enables unprecedented transparency, collaboration, and efficiency in global supply chains. TradeLens provides control and management of shipping data and supplies innovative apps to every stakeholder in the supply chain.
On a recent IBM Blockchain Pulse Podcast episode, TradeLens Director of Strategy and Operations, Daniel Wilson, offered a personal take on the history, context and development of the platform.