China Unicom Digital Tech shake hands with TradeLens in order to ensure the provision of fully integrated, real-time and consistent view of logistics data for containerized freight around the world.
To remind, TradeLens is a blockchain-enabled digital container logistics platform, jointly developed by A.P. Moller – Maersk(MAERSKb.CO) and IBM (NYSE: IBM).
As part of the collaboration, China Unicom Digital Tech will host and operate TradeLens in Chinese Mainland, making it available to global exporters and importers in China, along with other supply chain partners.
The China market is huge, with Maersk estimating that one in three export containers is exported from China and one in six imported containers is imported into China. As a result, the partnership connects the world’s second-largest economy to the TradeLens platform, further enhancing the network coverage of TradeLens global services.
….partners explained.
TradeLens brings together data from the entire global supply chain ecosystem including shippers, ocean carriers, terminal operators and intermodals, etc, aiming to replace manual and paper-based documents with blockchain enabled digital solutions, in order to facilitate digital value transfer.
Launched in 2018, the TradeLens ecosystem now includes direct integrations with more than 300 organizations –extending to more than 10 ocean carriers and encompassing data from more than600 ports and terminals.
Already it has tracked over 35 million container shipments, close to 2 billion events and roughly 16 million published documents.
By joining force with TradeLens, we may optimize our strength on cyber security, data security and transaction security. Leveraging with IOT, blockchain and other technologies, we will achieve logistics service standardization, visibility and intelligence, and help build a connected, trustful and highly efficient logistics network.
…said Mr. Haifeng Chen, President of China Unicom IOT Research Institute and Vice President of China Unicom Digital Tech.
