The future of logistics
“a time-stamped series of immutable records of data that is managed by a cluster of computers not owned by any single entity. each of these blocks of data (i.e. block) are secured and bound to each other using cryptographic principles (i.e. chain)”
In preparation for the 4th Industrial Revolution in Logistics and Finance traditional business and revenue streams will be modified to accommodate the change in technology. Enhance your existing operating systems software, integrate, automate data capture functions and digitize.
What is TradeLens BlockChain in Logistics
The TradeLens platform has been jointly developed by Maersk and IBM and a collaboration team comprised of their respective employees has been formed to lead the initiative and drive industry adoption.
TradeLens is comprised of three key components – network, platform and applications & services. Each plays a distinct role in allowing TradeLens members to advance their business.
The TradeLens Network consists of ecosystem participants, such as ocean carriers, ports, inland transportation, and customs authorities, who connect to and provide data to the platform. TradeLens consolidates and secures the information and makes it available in the TradeLens Platform, to anyone with permission to access it.
The TradeLens Platform enables you to take advantage of BlockChain data – track events related to shipments or seamlessly share documents with your trading partners. A set of well documented open APIs enable the TradeLens community to deliver actionable information across the trade ecosystem. Governed by open standards, the platform is delivered by the IBM Cloud to members around the world.
APPLICATIONS AND SERVICES
An open marketplace that allows both TradeLens and third-parties to publish fit-for-purpose services atop the TradeLens platform