The major terminal operator, International Container Terminal Services Inc (ICTSI) inked a contract in order to connect all of its 31 terminals to the jointly developed by Maersk and IBM, TradeLens platform.
By joining TradeLens, all ICTSI terminals can have access to accurate information on cargo movements well in advance of vessel arrivals.
What is more, through its TradeLens connection, ICTSI goals to enable rapid innovation and service improvement within the operations.
We are now testing the system and transferring information about loading and discharge of cargo, berthing of vessels to the blockchain platform. After complete integration of the system, we will be able to optimize work with regulatory authorities, improve our terminals visibility to what is coming to them, as well as, receive updates from the sea carriers online.
..Brian Hibbert, VP, Chief Information Officer, ICTSI.
According to the terminal major, the data platform and its blockchain technology will reduce the processing time of traditional paper documents, making it faster and easier to issue bills of lading for cargo, sanitary certificates, invoices for payment and other types of documentation.
For the records, TradeLens ecosystem was launched back in 2018 and now includes more than 175 organizations – extending to more than 10 ocean carriers and encompassing data from more than 600 ports and terminals.
The broadening geographic scope of the platform is bolstered by the addition of ICTSI and provides new opportunities for TradeLens participants as the ecosystem continues to expand rapidly. We are excited to welcome ICTSI and eagerly await the creation of new ways of working for shippers and consignees that indirectly utilize their services.
…Thomas Sproat, Director of Network Development, TradeLens, concluded.
