Logistics International Trade

United States technology company IBM and Danish logistics firm Maersk have decided to discontinue their co-developed blockchain-backed supply chain platform, TradeLens, citing a lack of “global industry collaboration” as a key reason behind the decision. Maersk stated on Nov. 29 that it has begun taking immediate action to cease operations on the platform, which should take full effect by Q1 2023: “The TradeLens team is taking action to withdraw the offerings and discontinue the platform […] During this process all parties involved will ensure that customers are attended to without disruptions to their businesses.” While the blockchain-based shipping solution was introduced by the two firms in August 2018 to help industry participants adopt more efficient international supply chain p...