North American container terminal operator Global Container Terminals Inc (GCT) has joined the blockchain-based TradeLens supply chain platform, originally created by Maersk and IBM.
GCT operates four terminals on the west and east coast of North America, and aims to leverage the TradeLens platform at each location to connect with supply chain partners including ocean carriers, beneficial cargo owners, and railways.
The blockchain-based system allows stakeholders to share end-to-end supply chain information, enhancing collaboration opportunities and improving trade flows.
“GCT remains committed to leading in innovation, value and safety. Joining a technology platform like TradeLens only adds to our capability to deliver best-in-class service and visibility to our supply chain partners,” said Doron Grosman, President and CEO of GCT.
“As competition increases from other ports and customer demands intensify, we need to activate every solution to increase cargo velocity through our terminals and improve performance.”
TradeLens has expanded rapidly in 2019, and now includes five of the world’s top six ocean carriers as participants on the platform. Ten of GCT’s own ocean carrier customers have already committed to the system, which should allow the terminal operator to immediately benefit.
“We are thrilled to have GCT join TradeLens and connect to a flexible business platform designed to spur innovation,” said Mike White, CEO of Maersk GTD and Head of TradeLens.
“Integrating data with ports, terminals, logistics providers, shippers and carriers is essential for the vision of TradeLens to realise new ways of working within a collaborative industry ecosystem. GCT’s connection to TradeLens strengthens this new era of transparency and collaboration for the global supply chain.”