TradeLens, the data project led by Maersk, is growing significantly with the addition of the 31 container terminals managed by the Philippines-based terminal operator ICTSI.
“We are currently testing the system and transferring information on loading and unloading cargo, berthing ships to the blockchain platform. After full integration of the system, we will be able to optimize work with regulatory authorities, improve the visibility of our terminals on what is happening to them. [and] receive updates from shipping carriers online, ”said Brian Hibbert, vice president, chief information officer, ICTSI.
TradeLens offers all stakeholders in container freight – shippers, freight forwarders, customs agencies, ports, ocean carriers and insurers – the same digital platform for document management and shipment tracking. It was jointly developed by Maersk and IBM. In addition to Maersk, top users include CMA CGM, MSC, DP World, Yilport, and Standard Chartered. In total, it covers the shipments of 10 container ships and 600 port and terminal facilities around the world.
Using a cloud platform, TradeLens creates a unified and controlled near real-time shipping data environment for its users. This allows them to track shipments as they transit and plan their resources accordingly. Meanwhile, participant data is secured and validated using IBM’s blockchain technology.
TradeLens says its technology cuts paperwork processing time, making it faster and easier to issue bills of lading, health certificates, invoices and other documents. For terminal operators, this means the opportunity to speed up customs clearance and clearance processes. For shippers and freight forwarders, this aims to reduce the workload of the back office.