DP World recently joined TradeLens digital platform, jointly run by A.P. Moeller-Maersk and IBM, in order to accelerate the digitization of global supply chains.
Specifically, DP World completed the early stages of integration with the blockchain platform.
What is more, the company joined Tradelens with the purpose of connecting all of its 82 marine and inland container terminals, as well as feeder companies and logistics divisions through the use of the platform.
Our decision to team up with TradeLens is driven by our vision for intelligent logistics, reducing costs and creating value. By working with TradeLens we will accelerate the digitisation of global trade. Modernising the processes by which logistics operate is critical to building more robust and more efficient supply chains which will help economic development and generate more prosperity.
….Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Office of DP World said.
For the records, DP World has already connected Cochin Port (India) with the TradeLens platform via API technology while plans to collaborate with other DP World business units, including the feeder line Unifeeder, have also been initiated.
Developed in a collaboration between Danish shipping giant Maersk and technology giant IBM, TradeLens is an open and neutral blockchain-based platform that is digitizing the global supply chain.
At its core the TradeLens business model is an open and neutral platform to spur collaboration and digitization between all parties in the supply chain ecosystem. We are excited to welcome DP World and eagerly await the creation of new potential ways of working for shippers and consignees in global trade.
….Mike White, CEO GTD Solutions and Head of TradeLens added.
Concluding, TradeLens gathers data from the entire global supply chain ecosystem including shippers, port operators and shipping lines while goals to modernize manual and paper-based documents, replacing them with blockchain enabled digital solutions.