The Customs Department of Thailand, an agency under the country's Ministry of Finance, has turned to blockchain platform TradeLens, jointly developed by IBM and Maersk.
The initiative is to modernize trade and support Thailand 4.0 Policy, the department announced Wednesday. TradeLens will provide, "an automatic and immutable tracking tool, which will lead to a more secure, transparent, efficient and simpler workflow," said Patama Chantaruck, managing director of IBM Thailand.
Daniel Wilson recently spoke with Contour as part of Trade Finance Global’s fireside chat series. He outlined how the TradeLens platform brings shippers’ ecosystems together. The discussion covered interoperability and how TradeLens is working with other platforms to achieve end-to-end digital solutions for customers.
GatewayRail, India’s leading intermodal logistics service provider and rail-linked Inland Container Depots (ICD) operator, has become the first rail operator in India to join TradeLens. The association between GatewayRail and TradeLens is a major milestone in digitizing India’s vast inland container logistics ecosystem with a significant impact on efficiency gained by exporters and importers.
A common dilemma in organizations working with global logistics operations is: while the benefits of various products focused on digitizing supply chains and providing an extended track and trace functionality sound so appealing, is it worth the money?
Explore how TradeLens is shaping the future of global trade. Learn how TradeLens can benefit you by clicking on the information below.
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