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Maersk-IBM Blockchain JV Secures 1st Freight Forwarder

[ February 10, 2018   //   ]

Agility has become the first freight forwarder to collaborate on a Maersk-IBM blockchain solution that will manage and track container shipments using a distributed ledger.

Agility, which has over 500 offices in 100 countries, will identify events associated with individual shipments and share and receive the information through blockchain technology developed by IBM and Maersk. The company’s goal is to reduce costs and increase shipping efficiency by integrating information about shipments onto a secure platform accessible to shippers, carriers, freight forwarders and others in the supply chain.

Essa Al-Saleh, CEO of Agility Global Integrated Logistics, sees the blockchain technology as making shipping cheaper, safer and more reliable. “As early adopters, companies like Agility can help Maersk and IBM understand the needs of shippers and develop standards that will make trade more efficient.,” he says. “We can help customers understand how to use blockchain to improve shipment visibility, eliminate paperwork, reduce errors, and shorten transit and clearance times.”

Blockchain, a secure, immutable and tamper-resistant ledger that can be used to track shipments, documentation and payment transactions, can connect parties in the supply chain, giving them access to information and real-time visibility based on their level of permission.

 

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