Modern Terminals to participate in Tradelens Blockchain Shipping Solution of Maersk and IBM

Modern Terminals Limited (MTL) today announced its participation as a Network Member in TradeLens, jointly developed by Maersk and IBM to apply blockchain. TradeLens seeks to digitize and streamline processes in the global supply chain to deliver higher efficiency and lower cost. The objective of is to evaluate the performance of TradeLens and to offer suggestions on where the technology can improve.

Peter Levesque, Group Managing Director of MTL said, “TradeLens uses blockchain to create an industry standard for the secure digitization and transmission of supply chain documents around the world. This initiative will generate tremendous savings for our industry over time while enhancing global supply chain security.”

(Modern Terminals)