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.


(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!


Was this article helpful?

93 out of 132 found this helpful

Discover more


Interpreting the Performance of 14 L1 Public Chains in Q1: Stacks Emerges as Dark Horse, Network Usage Rate Generally Decreases

After the running-in period, various public chains have entered the "internal competition" stage.


Cardano's on-chain data indicates a potential surge in value. Could $10 be within reach?

Exciting bullish indicators emerging within the Cardano network indicate potential for a future surge in the value of...


Cardano (ADA) Poised for a Bullish Surge: Analysts Optimistic

Numerous analysts are highly optimistic about Cardano (ADA) and predict a potential bullish market surge in the near ...


Cardano Is it Going to Zero? ADA Price Slips Amidst Crypto Market Rally – Will This Mining Protocol Go Viral?

Will Cardano's Growth in Valuation Lead to a Collapse or a Surge? Expert Predicts ADA Price in Light of Record-Breaki...


Cardano Price Surges 8%: Here’s Why ADA Could Reach New Highs in 2024

In the past 24 hours, the Cardano price has experienced a significant increase of over 8% and is currently at $0.6202...


Cardano Price Prediction: ADA Set for Spectacular Gains Post-Bitcoin Halving – Future Millionaire Maker?

Cardano gains 4% in 24 hours, reaching $0.383747 amidst a 2.5% marketwide increase.