In an effort to enhance digitalization and enable secure and transparent transfer of container shipping documents, Canadian Pacific joined TradeLens.
According to the transcontinental railway in Canada and the United States, this open-API platform will help CP intermodal shippers create, amend and share documents with other supply chain participants, including consignees, beneficial cargo owners, customs agencies, dray operators and steamship lines.
In light of the situation, CP Vice-President and Chief Information Officer Mike Redeker noted:
CP is pleased to join TradeLens as part of its efforts to improve the customer experience through technological innovation. Global shipping is a profoundly complex business and TradeLens is improving the information-sharing processes that support the industry. CP is always innovating for the benefit of its customers, and joining TradeLens is an example of that innovation.
To remind, the blockchain platform was jointly developed by IBM and A.P. Moller-Maersk specifically for use in the container-shipping industry. In fact, it currently handles more than 700 million events and 6 million documents annually.
Concluding, Royal Malaysian Customs Department (RMCD) recently joined the blockchain ‘TradeLens’ platform in an effort to modernize the shipping processes and create greater transparency within the operations.