The digital freight forwarder, Shipwaves, recently joined Maersk-IBM developed TradeLens platform, in an effort to boost the digitization of the ocean logistics space, especially in India and the Middle-East.
Through this action, Shipwaves will be able to provide timely end-to-end supply chain visibility, secured sharing of digital shipping documents, and data directly from partners.
Sajid Mohammed, COO – Shipwaves, marked:
Our working with TradeLens marks a significant milestone which will enable us to digitize our customers’ operations and lead them into the blockchain era of global trade. We believe that the TradeLens platform will truly elevate our value proposition, allowing us to interconnect with shippers, carriers & other stakeholders.
The platform will enable the forwarder to improve efficiency and decrease operational costs by a significant margin.
Additionally, the smart contract-based workflows will automate and digitize multi-party interactions, which will result in improved efficiency.
In light of the situation, David Ombewa Ocholi, Product Manager for West Central Asia and Africa noted:
With Shipwaves collaborating with TradeLens, we have an important supply chain enabler furthering our joint desire of removing manual tasks and enabling digitized workflows in the logistics industry.
For the records, TradeLens blockchain solution provides controlled, permissioned access to secure and immutable transportation documents while bringing together stakeholders such as shipping carriers, ports, customs offices, and other players in the ecosystem through its platform.
Concluding, South Asia Gateway Terminals (SAGT) also joined TradeLens digital platform, becoming the the first terminal in the country to adopt blockchain technology.