Royal Malaysian Customs Department adopts IBM and Maersk’s TradeLens blockchain

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IBM (NYSE: IBM) together with A.P. Moller – Royal Malaysian Customs Department (RMCD) today announced a collaboration to use the blockchain-enabled ‘TradeLens’ platform in Malaysia to modernise the shipping processes, create greater transparency and enhance customer satisfaction. This collaboration supports the country's effort to promote trading and economic stability by facilitating ease of doing business.

By digitizing shipping processes — TradeLens will provide RMCD with an automatic and immutable tracking tool which will lead to a more highly secure, transparent, efficient and simpler workflow, with near real-time information sharing from a diverse network of ecosystem members.

Read the entire press release by clicking below.

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