TradeLens, the blockchain based supply chain data platform created by Maersk and IBM, has announced a new strategic collaboration agreement with Digital Bazaar, a specialist in payment, identity and credential technologies, to enhance security and identification management among TradeLens users.
Organisational Identity automation technologies developed by Digital Bazaar will be implemented by TradeLens to improve the integrity of collaboration on the platform via the use of blockchain-based secure identity proofing and data sharing.
“TradeLens aims to reduce the friction of trade and global logistics,” said Nis Jespersen, Lead Architect for TradeLens.
“Identity and role management are an essential challenge to support this ambition, and we are always on the lookout for new ways to achieve it. Participating in the Organisational Identity Proof of Concept has been a true eye-opener of how emerging standards and technologies should be embraced within our own solution.”
TradeLens was created to form a transparent, secure and immutable record of shipping transactions, enabling participants to connect and share information across the shipping supply-chain ecosystem, using verifiable credentials to enable supply-chain automation while keeping proprietary data secured.
Several of the world’s largest ocean carriers have now committed to using the platform, including CMA CGM, Mediterranean Shipping Company (MSC), Hapag-Lloyd, and Ocean Network Express (ONE).
“Global commerce is both connected and complex; confidently and securely consuming identity credentials issued by third parties is key to enabling global-scale interoperable identity management,” Mr Jespersen added.
“And managing your own data graph of credentials is a mind-boggling way of understanding your relationship to the world around you. But doing so de-centrally, through the application of Digital Bazaar’s technology and our platform, gives one complete control of their identity. We’ve found that identity management has never before been this easy and intuitive.”
