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Yilport Holding joins IBM and Maersk’s blockchain platform

August 18, 2020

TradeLens, the blockchain shipping platform from IBM and the Danish logistics giant MaerskSigned a contract with a major Turkish international terminal operator.

TradeLens is a global supply chain management platform for container shipping and logisticspublished by IBM and Maersk in April 2018 APIs are based on open standards that enable supply chain data to be tracked and shared immutable and secure through blockchain.

YILPORT Holding, owned by Turkey, operates 22 terminals in the country and 6 inland terminals in 11 countries, would have started integrating data from Gebze and Gemport terminals in Turkey into TradeLens in July 2020.

Yilport Holding joins IBM and Maersk’s blockchain platformYilport Holding joins IBM and Maersk’s blockchain platform

Once the integration is complete, the terminal operator can access data streams to support the more efficient management of container freight and cargo.

Six main messages will be active during the API-supported data exchange between Yilport and the platform: “Entry, exit, ship loading, ship unloading, list of actual loading dates and list of actual loading dates”.

Through TradeLens, This data related to container shipping can be accessed via the blockchain platform for a variety of different actors in the supply chain, e.g. B. air carriers, agencies, port operators, customs authorities or financial service providers.

The pioneering initiative by IBM and Maersk is involved in coordinating various government agencies and customs agencies around the worldThis attracted participants from Indonesia, Thailand, Azerbaijan, the USA and Canada, among others.

As recently reported, Blockchain technology is being used as a key tool for companies, organizations and even governments to develop more resilient value chains after the COVID-19 crisis.

The World Economic Forum A report was recently published examining the implementation of blockchain-based solutions for supply chains whose fragility was fully exposed during the pandemic, for example in various markets for goods or personal protective equipment and medical supplies.

The forum also released a number of blockchain implementation tools aims to help governments and companies adapt their supply chains to the current economic climate and global trade disruptions.

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