MANAMA, BAHRAIN—A platform that enables businesses to digitally connect, share information and collaborate across the shipping supply chain will soon be fully operational in Bahrain.
Susan Hunter, chief executive and managing director of APM Terminals Bahrain (APMT) recently told the GDN in an exclusive interview that the operator of the Khalifa Bin Salman Port (KBSP) has already integrated with the platform known as TradeLens
Developed by Maersk and IBM and underpinned by blockchain technology, the TradeLens ecosystem comprises over 100 diverse organizations including carriers, ports, terminal operators, third-party logistics providers, and freight forwarders.
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The global acceptance of eBL is in motion, how can MLETR and other legislative initiatives help?
We sat down with senior global trade experts, Diana Jones, Director of Solution Architecture, and Juanjo Ruiz, Strategy and Business Development at TradeLens to discuss the proliferation of electronic bills of lading (eBL) and the disruption of blockchain as an emerging technology with a substantial opportunity to support banks with unlocking a $3.4 trillion trade gap in the trade finance market. The following is a Q&A on these topics.
Bangladesh/Hong Kong – Citi Treasury and Trade Solutions (TTS) Asia Pacific has completed its first pilot paperless trade finance transaction using the TradeLens platform. Leveraging blockchain technology supplied by TradeLens, the pilot illustrates the effectiveness of the technology to improve supply chain efficiency by significantly reducing document processing lead times.