Nanjing, China, May 11, 2021 – China Unicom Digital Tech, the subsidiary of China Unicom, the global leading telecommunication service provider, announced their partnership with TradeLens to enable its official commercialization in China, and ensure the provision of fully integrated, real-time and consistent view of logistics data for containerized freight around the world. TradeLens is a blockchain-enabled digital container logistics platform, jointly developed by A.P. Moller - Maersk(MAERSKb.CO) and IBM (NYSE: IBM).
As part of the collaboration, China Unicom Digital Tech will host and operate TradeLens in Chinese Mainland, making it available to global exporters and importers in China, along with other supply chain partners. The China market is huge, with Maersk estimating that one in three export containers is exported from China and one in six imported containers is imported into China. As a result, the partnership connects the world's second-largest economy to the TradeLens platform, further enhancing the network coverage of TradeLens global services.
This year marks the inaugural year of the 14th Five-Year Plan. As a major use case in the critical digital transformation period, the upgrade towards digital shipping and logistics industry will facilitate the country to build the dual circulation development pattern.
"By joining force with TradeLens, we may optimize our strength on cyber security, data security and transaction security. Leveraging with IOT, blockchain and other technologies, we will achieve logistics service standardization, visibility and intelligence, and help build a connected, trustful and highly efficient logistics network.” said Mr. Haifeng Chen, President of China Unicom IOT Research Institute and Vice President of China Unicom Digital Tech
TradeLens brings together data from the entire global supply chain ecosystem including shippers, ocean carriers, terminal operators and intermodals, etc, aiming to replace manual and paper-based documents with blockchain enabled digital solutions, in order to facilitate digital value transfer. Launched in 2018, the TradeLens ecosystem now includes direct integrations with more than 300 organizations –extending to more than 10 ocean carriers and encompassing data from more than600 ports and terminals. Already it has tracked over 35 million container shipments, close to 2 billion events and roughly 16 million published documents.
The industry has reached another important milestone with TradeLens now live in China, an economy at the center of the world’s largest trade lanes.
"Our customers need enhanced visibility more than ever to drive efficiency and resilience and they require digital solutions to handle trade documents to help reduce the disruptions created by the global pandemic. TradeLens will provide new tools to facilitate industry innovation and help our customers accelerate their digital agendas,” commented Caroline Wu, Managing Director of Greater China, A.P. Moller - Maersk.
TradeLens brings together logistics data and digital workflows to improve the efficiency of customer supply chain efficiency.
"The growing interest in TradeLens from Chinese companies is a strong indication of how the growing complexity in the container shipping industry demands the use of advanced technologies such as blockchain and hybrid cloud to driver greater efficiency in the highly dynamic market." Xin Li, Vice President, Industry Business Development, IBM Greater China Group.
About China Unicom Digital Tech
China Unicom Digital Technology Company Limited (abbreviated as China Unicom Digital Tech), was officially established on February 7, 2021. It’s a strategic layout of China Unicom to create unique innovative competitive advantages and achieve differentiated innovative breakthroughs. The company is committed to promote high-quality development of China’s digital economy, and enable the digital transformation of government and enterprise customers.
The TradeLens platform has been jointly developed by Maersk and IBM. TradeLens is an open and neutral industry platform underpinned by blockchain technology, supported by major players across the global shipping industry. The platform promotes the efficient, transparent and secure exchange of information in order to foster greater collaboration and trust across the global supply chain.
About A.P. Moller - Maersk
A.P. Moller - Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, the company operates in 130 countries and employs 80,000 people. For more information, please visit: www.maersk.com
IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat Open Shift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity and service. For more information, visit www.ibm.com
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