Blockchain shipping platform TradeLens and Danish shipping company A.P. Moller – Maersk have successfully completed an innovative letter of credit transacted with HSBC and Syngenta using a digital bill of lading underpinned by blockchain technology.
TradeLens is a global trade platform built on IBM blockchain that is designed to reduce the cost of global shipping,
Mjunction Services, the largest e-commerce firm in India, has partnered with blockchain shipping startup ShipNEXT to improve efficiency across Mjunction’s supply chain.
Mjunction, a 50:50 joint venture of two Indian steel conglomerate – the Steel Authority of India Ltd (SAIL) and Tata Steel,
Israeli shipping company ZIM has announced plans to make its blockchain platform for electronic bills of lading (eB/Ls) available to all of its customers in selected trades.
In November 2017, ZIM, in partnership with bockchain firm Wave and logistics firm Sparx,
Japanese shipping giant Nippon Yusen KK (NYK) is planning to introduce its own digital currency for crew members.
NYK, one of the oldest and largest shipping companies in the world, offers services related to terminal and harbor transport, cruise lines and travel,
Tech giant IBM and Denmark-based shipping giant Maersk have developed a new blockchain shipping solution designed to promote more efficient and secure global trade.
Called TradeLens, the solution is the result of a collaboration agreement between Maersk and IBM in January of this year.
Sinochem Energy Technology has completed a shipment of gasoline from China to Singapore entirely using blockchain technology.
Sinochem Energy Technology is a subsidiary of Sinochem Group, a Chinese conglomerate primarily engaged in the production and trading of chemicals, fertilizer and oil. Sinochem’s core businesses span energy,
Brewing company Anheuser-Busch InBev, along with several other firms, has successfully tested a blockchain solution that eliminates the need for printed shipping documents.
Anheuser-Busch InBev is part of a wider blockchain consortium that experimented with technology developed by consultancy firm Accenture.
Global shipping giant FedEx has begun developing a set of industry standards for blockchain usage.
Fedex is a founding member of the Blockchain in Transporation Alliance (BiTA), an organization of executives operating in the technology and transportation sectors. BiTA aims to standardize blockchain principles and approaches in the freight industry.
Denmark-based shipping giant Maersk Line has been exploring possible use cases of blockchain technology. Maersk stated that it is seeking to reduce costs by using blockchain technology because its current surviving strategy reached the limit.
Founded in 1928, Maersk Line is the global container division and the largest operating unit of the Maersk Group,
South Korea’s Hyundai Merchant Marine (HMM), in collaboration with members of the shipping and logistics blockchain consortium, has successfully completed its first pilot voyage using blockchain technology.
The ten-day voyage was conducted from Busan in South Korea to Qingdao,
