IBM and Maersk Blockchain platform TradeLens add another member-Vietnam Gaimei International Terminal

According to Cointelegraph, on December 19, the Gai International Terminal (CMIT) in Ho Chi Minh City, Vietnam announced that it has joined TradeLens, a blockchain platform launched by IBM and Maersk.

container-ship-596083_960_720.webp

(Source: Pixabay )

As one of the largest terminals in the deep-water port group of Gemebuk, CMIT directly connects Vietnam to Europe, North America and Asia. CMIT general manager Jan Bandstra believes that customer demand for instant transport data is what drives ports to join the blockchain platform TradeLens.

As Nguyen Xuan Ky, CMIT Deputy Manager, says, the global shipping industry is complex, so transparent and accessible cargo data is essential:

Take a seafood container exported from Vietnam to the United States as an example, more than a dozen related entities need to closely track more than 30 transportation milestones and transportation data. If different entities in the global supply chain can share information in real time at different stages, the efficiency of global trade flows will be greatly improved.

Increasingly powerful TradeLens platform

The open, neutral blockchain platform TradeLens is rapidly becoming the industry standard for the global shipping industry. It was developed in collaboration with IBM and Maersk to simplify complex supply chains.

It is now supported by more than 100 different organizations in the industry. Recently, North American container terminal operators Global Container Terminals and Thai Customs have become its customers.

Blockchain solves cross-border problems

It is believed that blockchain technology can solve cross-border trade issues. Various transportation companies, governments, and trade agencies have explored or are actively deploying this technology in an effort to digitize customs processes to enable real-time verification and certification of transportation information.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Has the long-standing resentment towards VC finally erupted? After falling out with LianGuairadigm, Reflexer bought back tokens and put on a mocking face.

This year, you can earn substantial profits from cryptocurrency, all coming from self-reliant projects without ventur...

Blockchain

Babbitt Column | Blockchain industry to land, these areas still need to be greatly improved

I. Status Although each of us hopes that the blockchain can land as early as possible, and from the daily news, it se...

Blockchain

Is an exchange losing $ 250 million in cryptocurrencies a Ponzi scheme: Quadriga Bizarre Story

Written by: Nathaniel Rich Translator: Zhan Juan Illustrator: Bianca Bagnarelli Original article published in Vanity ...

Blockchain

Thousands of exchange platform license thresholds reach the cloud or 5 platforms enter the Hong Kong Securities Regulatory Commission's sandbox

Source: 21st Century Business Herald Author: Zhou scorching The confrontation between the United States and Iran has ...

Blockchain

The Bitcoin exchange is very hot, but the soil of the economics is very thin.

According to the coinmarketcap market data, the trading volume of Bitcoin in the past month exceeded the intra-month ...

Market

With the entry of big players and the halving narrative, is now the best time to buy Bitcoin?

Using the term "ups and downs" to describe the trend of BTC since June is not an exaggeration, or more precisely, it ...