IBM-Maersk Blockchain Shipping Platform TradeLens Partners With Customs Broker Livingston

Blockchain, News | April 5, 2019 By:

Customs brokerage firm Livingston International has announced its formal participation in blockchain-enabled global shipping initiative TradeLens.

Livingston International focuses on customs brokerage and trade compliance, offering international trade consulting, global trade management and freight forwarding. It provides clarity in a world of trade complexity, so businesses can grow further, faster and smarter. It employs approximately 3,200 staff at more than 100 key border points, sea ports, airports and other strategic locations across North America, Europe and Asia.

TradeLens, a blockchain-enabled global shipping solution jointly developed by Maersk and IBM, seeks to digitize and streamline processes in the global supply chain to deliver higher efficiency and lower cost. The platform brings together various parties to support information sharing and transparency, and spur industry-wide innovation. The TradeLens ecosystem currently includes more than 20 port and terminal operators, representing about 234 marine gateways or seaports on five continents.

Livingston will serve as the first customs broker to leverage the TradeLens platform for brokerage automation. As part of the partnership, Livingston will be included in a comprehensive pilot involving the Canada Border Services Agency (CBSA). Livingston’s role in the pilot will be to enter and access information on shipments and streamline internal procedures without compromising accuracy or security.

“We have always prided ourselves on being a forward-thinking customs broker and trade-services provider,” said Craig Conway, Chief Technology Officer, Livingston International. “We are excited to work with Maersk, IBM, CBSA and other members of the TradeLens ecosystem on an initiative we believe will serve our industry well and provide transparency and security in the global movement of goods.”

TradeLens said that the pilot will serve to determine how blockchain can optimize the speed and quality of customs and commercial data, while offering greater transparency into how cargo moves and streamlining the decision-making process for shipment release.

“The most important aspect of the platform is the ecosystem – building trust to enable collaboration with one another through a model that benefits everyone,” said Peter Patterson, IBM Canada – Blockchain Leader. “Livingston’s participation in this initiative allows us to analyze the impact of blockchain on the logistics process by bringing in the role of customs administration, which involves the submission, examination and storage of reams of data on a daily basis.”