Standard Chartered Bank has become the first financial institution to join TradeLens, the blockchain-based supply chain initiative jointly run by A.P. Moeller-Maersk and IBM.
The Indonesia Customs and Excise Department has become the latest body to join TradeLens, the blockchain-based initiative between A.P. Moeller - Maersk and IBM to ease the flow of goods across the world.
TradeLens, Maersk and IBM's major blockchain initiative, has taken another major step towards its goal of revolutionizing the global supply chain after the US Federal Maritime Commission (FMC) amended its regulations relating to cooperation between carriers.
Cai Mep International Terminal (CMIT), Vietnam, has joined the TradeLens digital platform blockchain technology, according to a 19 December announcement.
The King Abdullah Port, Saudi Arabia, had officially received 28 state-of-the-art Liebherr cranes as part of its container terminal expansion.