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The pandemic is prompting DP World to join a blockchain shipping and shipping platform

May 28, 2020

The COVID-19 pandemic is driving supply chain actors around the world to focus their energies on ddevelop better digitization of your company, and especially through blockchain technology.

One of the world’s leading port operators, DP World announced today on May 28 that it will join TradeLens. the blockchain shipping and transport platform Created by IBM and the Danish logistics giant Maersk.

TradeLens is a global shipping solution focused on container loading and logistics, which started for the first time in April 2018.

The pandemic is prompting DP World to join a blockchain shipping and shipping platformThe pandemic is prompting DP World to join a blockchain shipping and shipping platform

The broad geographic scope of the platform and support for an efficient flow of blockchain-based digital documentation seems to be growing in importance during the pandemic.

Global value chains, Many of them still rely on paper processes. They are increasingly under stress due to unstable supply and demand, the aviation crisis and labor shortages.

Mike Bhaskaran, manager of TradeLens in Dubai, told reporters that “the situation is about the corona virus It is a very good catalyst This enables everyone in the supply chain to communicate digitally with one another. “

TradeLens potential

TradeLens works through provision Open APIs based on standards that enable supply chain data tracked and shared securely and transparently with an authorized blockchain.

According to Maersk, DP World can be integrated into TradeLens You can improve the efficiency of your business the ability to track container flows across multiple carriers early in the supply chain cycle.

In 2019, DPWorld terminals would have done it 71.2 million TEU (20 foot equivalent units) of about 70,000 boats worldwide.

Maersk’s announcement revealed that DP World intends to connect your entire global network of 82 ship and inland container terminals as well as sales companies and logistics departments with the platform.

Blockchain plays a key role in global value chains

As previously reported, the World Economic Forum (WEF) was very proactive by advocating the ability of blockchain technology Mitigate the effects of the pandemic in the world economy.

In an interview with CointelegraphNadia Hewett, head of the blockchain and digital currency project at the WEF, discussed the scope and vision of a new line of blockchain tools launched by the forum to help actors in the supply chain: a optimal use of technology and improve your digital resilience.