The TradeLens blockchain platform for supply chain data exchange has announced a new partnership with China Unicom Digital Tech to host and operate TradeLens in China, making the system available to global exporters and importers in the country, along with other supply chain partners.
The deal will enable the first official commercialisation of TradeLens in China, with the knock-on effect of improving integrated, real-time logistics data visibility for containerised freight around the world.
“This year marks the inaugural year of the 14th Five-Year Plan. As a major use case in the critical digital transformation period, the upgrade towards digital shipping and logistics industry will facilitate the country to build the dual circulation development pattern,” said Haifeng Chen, President of China Unicom IoT Research Institute and Vice President of China Unicom Digital Tech.
“By joining force with TradeLens, we may optimise our strength on cyber security, data security and transaction security. Leveraging with IoT, blockchain and other technologies, we will achieve logistics service standardisation, visibility and intelligence, and help build a connected, trustful and highly efficient logistics network.”
TradeLens brings together data from across the supply chain ecosystem including shippers, ocean carriers, terminal operators and intermodals, aiming to replace manual and paper-based documents with blockchain enabled digital systems.
Launched in 2018 by Maersk and IBM, the ecosystem now includes direct integrations with approximately 300 organisations – including more than 10 ocean carriers and data from more than 600 ports and terminals. To date the system has tracked more than 35 million container shipments, close to 2 billion events and enabled the exchanged of roughly 16 million published documents.
“The industry has reached another important milestone with TradeLens now live in China, an economy at the centre of the world’s largest trade lanes,” said Caroline Wu, Managing Director of Greater China, A.P. Moller – Maersk.
“Our customers need enhanced visibility more than ever to drive efficiency and resilience and they require digital solutions to handle trade documents to help reduce the disruptions created by the global pandemic. TradeLens will provide new tools to facilitate industry innovation and help our customers accelerate their digital agendas.”