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MSC and CMA CGM choose the TradeLens blockchain platform
MSC and CMA CGM choose the TradeLens blockchain platform
Blockchain

MSC and CMA CGM choose the TradeLens blockchain platform

By Alfredo de Candia - 29 May 2019

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The two shipping companies Mediterranean Shipping Company (MSC) and CMA-CGM will use the TradeLens platform based on blockchain. The announcement was made yesterday by TradeLens, which was developed by IBM.

With the entry of the two new partners, TradeLens can now count on the management of half of the logistical transport by sea of all cargo ships worldwide. It is an important goal because sea transport has traditionally been linked to the use of paper and manual processes from loading controls to the various requests for permits needed to unload everything. The use of the blockchain platform ensures trust, transparency and collaboration between the various chains of the ecosystem for the benefit of global trade.

A necessary and required digitisation, according to Rajesh Krishnamurthy, executive vice president of CMA CGM Group:

“Digitization is a cornerstone of the CMA CGM Group’s strategy to provide an end-to-end offer tailored to our customers’ needs. We believe that TradeLens, with its commitment to open standards and open governance, is a key platform to help usher in this digital transformation”.

With more than 100 current participants on the platform, TradeLens is already processing over 10 million shipping cases and managing several thousand sea-related documents. With blockchain technology, the various operators can monitor all the information they want at any time.

The announcement of the entry of MSC and CMA CGM on the TradeLens platform is a strong signal for the entire industry. This could lead other companies to follow the example of the big ones and thus choose this model of logistics based on blockchain.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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