The SAGT container terminal in Sri Lanka has become the first terminal in the country to adopt blockchain technology in collaboration with TradeLens, the digital trade platform jointly developed by Maersk and IBM.
With an annual throughput of over 2 million TEU containers, SAGT is an important pivot for cargo moving through South Asia. Using the new system will allow the terminal to more easily gather data from across the global supply chain ecosystem to improve the efficiency of its operations.
TradeLens already connects a range of shippers, shipping lines, ports and other supply chain players from around the world, sharing data using the blockchain-powered platform.
“Digitisation and digitalisation offer all stakeholders in the supply chain significant operational cost efficiencies. SAGT is firmly committed to embracing technology in our efforts to constantly drive efficiencies towards an ‘ease of doing business’ customer experience,” said Ted Muttiah, Chief Commercial Officer of SAGT.
“The collaboration with TradeLens is a very important step forward in strengthening our digital agenda and staying ahead of the curve when it comes to digital transformation. SAGT is a flagship company on the Board of Investment in Sri Lanka and we are excited to be a part of the digital journey that TradeLens offers the Sri Lankan shipping and logistics industry.”