ZIM is another company to be joining TradeLens, a platform that was launched last year, as a joint venture between Maersk and IBM. Israeli carrier ZIM has signed up to participate in TradeLens, a blockchain-enabled documentation system designed to smooth bureaucracy between carriers, freight forwarders, customs officials and port authorities.
ZIM has a vision to promote technological innovation in all aspects of its operations.
In addition, by joining TradeLens, ZIM can continue digitizing its processes to enable efficiencies and cost savings to the company and the customers by enabling greater transparency and more efficient processes.
In light of ZIM’s addition in TradeLens, Eyal Ben Amram, ZIM’s CIO noted
ZIM endorses a proactive approach of promoting and investing in innovative digital solutions, such as the pioneering blockchain-based electronic Bill of Lading initiative, in collaboration with Wave Inc, and the recent investment in Ladingo, a ground-breaking e-commerce solution.
In the past, Maersk and IBM experienced problems concerning their blockchain project, TradeLens. Yet, both companies seem to have overcome their difficulties by having Modern Terminals joining and supporting the project and ports such as Port of Valencia, Port of Montreal, Saudi Arabia and Port Authority of Bay of Algeciras.