IBM and global transport and logistics powerhouse Maersk have announced a new collaboration to use blockchain technology to help transform the global, cross-border supply chain. Based on the Hyperledger Fabric and built by IBM and Maersk, the blockchain solution will be made available to the shipping and logistics industry. The solution is designed to help manage and track the paper trail of tens of millions of shipping containers across the world by digitizing the supply chain process from end-to-end to enhance transparency and the highly secure sharing of information among trading partners. When adopted at scale, the solution has the potential to save the industry billions of dollars. It is expected to be widely available to support multiple parties across the ocean shipping industry ecosystem later this year.
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