IBM-Maersk Collaboration for using Blockchain in container movement

IBM-Maersk Collaboration for using Blockchain in container movement

IBM one of the largest technology company on the planet and Maersk, the largest container ship operator on the planet, have completed an end-to-end digitised supply chain pilot using distributed ledger technology. The blockchain technology first used by Bitcoin, tech community is now finding other potential uses for the technology. IBM-Maersk Collaboration is using Hyperledger Fabric, will begin scaling a network of shippers, freight forwarders, ocean carriers, ports and customs authorities later this year. There are total more than 75 million containers shipped in a financial year, IBM’s goals is to get at least 11 million containers to be connect with new technology.

The latest pilot involved a consignment of goods from Schneider Electric. The blockchain shadowed the entire process from raising a purchase order to the goods being delivered, which can take as long as 60 days. In this case an empty container arrived at a Schneider facility in Lyon and was loaded with electric goods. It was then taken by truck to Rotterdam where a customs declaration saw it enter the water. It reached Newark on 23 February where customs signed off on the import declaration and it was then moved to the consignee, in this case Schneider’s facility.

IBM is testing Blockchain technology in container container movement for past one year, including shipments of flowers to Royal FloraHolland from Kenya, Mandarin oranges from California, and pineapples from Colombia into the Port of Rotterdam. There is standard API for the centralized sharing of data and shipping information via internet. The data on the blockchain is distributed, but in terms of consuming this information and knowing where things are, this should be simple as using a software services application like mail. That is behind standard API that you get to this in seamless fashion.

 

Share this post