TradeLens Secures Major Following

IBM and Maersk's blockchain solution now contains half of the world's cargo container shipments.

May 29, 2019

Getty Images 935705246 Blockchain

Getty Images

Since IBM and Maersk announced blockchain-based shipping tool, TradeLens, to limited availability last year, the companies have worked to have other major shippers come on board.

CMA CGM and MSC Mediterranean Shipping Company have joined TradeLens. The platform now encompasses nearly half of the world's cargo container shipments, according to Tech Crunch.

Shipping has largely been a manual process and can greatly benefit from digitization, but previous attempts haven't always been successful. Participants are hopeful that blockchain will solve the problem as they can easily follow the flow of shipments along the chain and trust that the immutable record has not been altered at any point.

“We believe that TradeLens, with its commitment to open standards and open governance, is a key platform to help usher in this digital transformation,” Rajesh Krishnamurthy, executive vice president for IT & Transformations at CMA CGM Group, said in a statement.

Women In Supply Chain Vertical Color

Nominations Close June 7 for 2024 Women in Supply Chain Award

This award recognizes female supply chain leaders and executives whose accomplishments set a foundation for women in all levels of a company’s supply chain network. Submissions close June 7!

Adobe Stock 207220202

SCN Summit: State of the Supply Chain

June 4, 2024

Register now to hear from experts about the State of Today’s Supply Chains through topics revolve around Warehouse Automation, Generative AI, Automation, Electrification, Company Culture and more.

Mitigating supply chain threats is of utmost importance heading into 2024.

Mitigating Supply Chains: More Than Just Table-Stakes

Not being able to see ahead and predict and plan accordingly is what sometimes plagues many of today’s supply chain companies. Here’s why mitigating supply chain threats is of utmost importance heading into 2024.

Annika Adobe Stock 589591429

Digitalization Efforts to Help Shippers Navigate Complex Supply Chain Landscape

Digitalization will remain a linchpin of success, enabling all industry stakeholders to navigate the challenges and seize the opportunities that lie ahead in this dynamic world of global trade.

Quality Stock Arts Adobe Stock 507033815

Safeguarding Platform to Help Combat Fraud in Transportation and Logistics

Descartes Systems Group developed Descartes MacroPoint FraudGuard to help freight brokers, 3PLs and shippers identify and prevent fraudulent activities related to carrier information, load tracking, and shipment status.

Baltimore Bridge Christine Adobe Stock 769092028

Baltimore Bridge Collapse Results in Severe Rating for Atlantic Ocean

Index data from ITS Logistics reflects the considerable demand shifts for the Ports of Norfolk, New York, and New Jersey due to the recent Francis Scott Key Bridge damage.

Hit1912 Adobe Stock 144569221

March U.S. Import Container Volume Continues Strong Trajectory

In March, U.S. container import volumes increased 0.4% from February, but jumped 15.7% when compared to the same month last year, according to research from Descartes Systems Group.

Annika Adobe Stock 589591429

Global Business Optimism Continues to Climb, Indicating Sustained Confidence

The latest quarterly report from Dun & Bradstreet highlights a sustained positive trend in the global business outlook, with the Global Business Optimism Index rising 5.4% quarter over quarter.

Baltimore Bridge Christine Adobe Stock 769092028

Container Traders Anticipate Rise in Disruptions and Increase in Container Prices

In the aftermath of the Baltimore bridge collision, supply chain professionals are anticipating price hikes, as indicated by a significant rise in sentiment for container price increases released by Container xChange.

Sittinan Stock adobe com

Descartes Strengthens Global Trade Intelligence with OCR Acquisition

Descartes Systems Group acquired OCR Services, Inc. for $90 million.

Dali Zapper Adobe Stock 450977438 Editorial Use Only

How Baltimore Bridge Collapse Impacts Movement of Vehicles, Raw Materials and More

While the full extent of the impact is yet to be determined, the collision is likely to have far-reaching consequences for the Port of Baltimore and its role in the regional and national economy.

Red Sea Lom742 Adobe Stock 691803109

Red Sea Tensions: Why Real-Time Tracking is Mission-Critical for Food & Beverage

There’s an urgent need for the F&B industry to embrace and expand the use of advanced tools, ensuring resilience and agility through tumultuous waters.

Zhu Difeng Adobe Stock 84691685

The Urgent Need for Digital Transformation in LatAm Food Logistics

Because Latin America (LatAm) is an emerging market in which many companies have yet to go fully digital, the opportunity is likely even greater. Here’s what digital transformation means for the logistics industry.

Mongkolchon Adobe Stock 329211681

China's Container Trade Faces Hold-Offs Due to Supply-Demand Imbalance

Data from Container xChange reveals that while there is a surplus of units held up in Russia, capacity in that region remains saturated.

K Ps Photography Adobe Stock 338059393

Kaleris Launches Yard Management Innovations

Kaleris introduced new capabilities in its yard management system (YMS) to improve efficiency, operational visibility and safety in yard operations.

Rock Stars of the Supply Chain and Pros to Know: Container Maintenance, Marino Group's David Miller Talks Worker Safety

David Miller, senior director of Container Maintenance Corporation and The Marino Group, was named one of our Rising Star award winners from this year’s Rock Stars of the Supply Chain award and Pros to Know award.

Red Sea Lom742 Adobe Stock 691803109

Red Sea Attacks: Potential Economic Impact for the U.S.

Longer-term, this conflict and others will likely increase onshoring and near-sourcing initiatives. Here's why.

Sculpies Adobe Stock 244001622

Shipping Industry Better Prepared for Disruption: Study

The container shipping industry showed resilience in 2023 amid continued waves of disruption, with financial health strengthening even amid declining revenues, revenue pressure, geopolitical strife, and challenging capital markets.

Grispb Adobe Stock 325399959

Women in Supply Chain: Ship4wd's Carmit Glik Details Why Small Businesses Make the World go 'Round

Carmit Glik, CEO and founding member of Ship4wd and one of the 2023 Women in Supply Chain award winners, talks about the importance of small businesses.

Mike Mareen Adobe Stock 381285702 Editorial Use Only

North American Transborder Freight Down 0.1% in December 2023

Total transborder freight by border is down in December 2023, compared to December 2022, according to recent data from the U.S. Department of Transportation.

Dell Stock adobe com

RK Logistics Acquires On Time Trucking

RK Logistics Group Holdings, Inc. expanded its network with the acquisition of On Time Trucking, which provides regional LTL freight delivery in high-value, local interline services.

Port Of Long Beach

Biden-⁠Harris Initiative to Bolster Cybersecurity of U.S. Ports

The Biden-Harris Administration will issue an Executive Order to bolster the security of the nation’s ports, strengthen maritime cybersecurity, fortify supply chains and strengthen the U.S. industrial base.

Kalyakan Stock adobe com

AI-Driven Solution for Maritime Industry

Sedna launched Pulse, an AI-driven digital solution that unlocks market data that lives in the charterer’s inbox to carve a new path for digital transformation and profitability in maritime.

The Food Logistics and Supply & Demand Chain Executive team.

Manifest 2024: Automation, Robotics and Puppies, Oh My

The week of Feb. 5 in Las Vegas was ripe with lights, bells and tons of buzz, but it wasn't just because Super Bowl LVIII was to take place that weekend. It was because of Manifest 2024.

Sculpies Adobe Stock 244001622

China-U.S. Container Leasing Rates Rise Threefold

Three months into this crisis, container leasing rates on the China-U.S. trade route have surged dramatically, rising by 223%.

Sculpies Adobe Stock 244678288

U.S. Container Import Volume Experiences Uptick in Growth

In January, U.S. container import volume increased 7.9% from December 2023, the largest month-over-month growth for January in the last seven years.

Red Sea Lom742 Adobe Stock 691803109

Red Sea Attacks Drive Up Transportation Costs

The GEP Global Supply Chain Volatility Index rose to -0.12 in January from -0.44 in December, its highest level since last April, indicating that spare capacity across global supply chains has shrunk notably.