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Maersk and IBM's new company new electronic shipping platform to place, helping speed up approvals via electronic data interchange EDI.
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| Template crypto exchange | Blockchain-based smart contracts will ensure all required approvals are in place, helping speed up approvals and reducing mistakes. Supply Chain Risk Management. Maersk and IBM today announced a joint venture to deploy a blockchain-based electronic shipping system that will digitize supply chains and track international cargo in real time. Those companies include Procter and Gamble, which is looking to streamline the complex supply chains it operates; and freight forwarder and logistics firm Agility Logistics, which hopes to provide improved customer services, including customs clearance brokerage. Blockchain's native immutability as a distributed ledger will also create an automatic audit trail for regulators, something with which the industry has struggled. That will happen as part of bringing this into production later this year. IBM's blockchain is based on the open-source Hyperledger Fabric 1. |
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IBM and Maersk Demo Blockchain Cross-Border Supply Chain SolutionLaunched in and jointly developed by IBM and GTD Solution, a division of Maersk, TradeLens aimed to digitize and simplify global supply. IBM Blockchain ; Two container ships loaded with containers docked in port. IBM Sterling Transparent Supply ; Orange fruit being processed on three different. IBM and Maersk have just finished an end-to-end digitised supply chain pilot using blockchain technology. IBM has estimated that going entirely digital.
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