Bimal Kanal, Director of TradeLens, Indian Subcontinent, spoke to Port Technology International about TradeLens, the blockchain based supply chain initiative jointly managed by A.P. Moeller-Maersk and IBM, and how it can evolve.
Excerpt: “India has tremendous opportunities to grow its interior markets. Digitizing supply chains and using blockchain represent a significant way to transform the country’s supply chains to improve efficiencies and competitive advantage.
“Leveraging data from upstream transportation documents can pave the way for better Customs processes, enabling their ability to identify risk profile containers, improved duty collection and increasing the velocity of Customs
clearance of ‘safe’ cargo.”