International terminal operator ICTSI has signed up to connect all of its 31 terminals across 19 countries to the TradeLens blockchain data sharing platform jointly developed by IBM and Maersk, which will provide all of those facilities with permissioned access to information on cargo movements in advance of vessel arrivals.
“We are now testing the system and transferring information about loading and discharge of cargo and berthing of vessels to the blockchain platform,” said Brian Hibbert, VP, Chief Information Officer, ICTSI.
“After complete integration of the system, we will be able to optimise work with regulatory authorities, improve our terminals’ visibility to what is coming to them, as well as receive updates from the sea carriers online.”
Launched in 2018, the TradeLens ecosystem now features over 175 organisations, including more than 10 ocean carriers, and encompasses data from more than 600 ports and terminals.
The system has already tracked 30 million container shipments, 1.5 billion events and roughly 13 million published documents to date.
“The broadening geographic scope of the platform is bolstered by the addition of ICTSI and provides new opportunities for TradeLens participants as the ecosystem continues to expand rapidly. We are excited to welcome ICTSI and eagerly await the creation of new ways of working for shippers and consignees that indirectly utilise their services,” Thomas Sproat, Director of Network Development, TradeLens.
