CBSA to Test IBM and Maersk Blockchain Platform
On October 25th, IBM and A.P. Moller-Maersk announced that the Canada Border Services Agency (CBSA)…On October 25th, IBM and A.P. Moller-Maersk announced that the Canada Border Services Agency (CBSA) will trial run a blockchain-based digital shipping service jointly developed by the two companies.
The solution, called TradeLens, was first revealed in August by IBM and Maersk and aims to provide secure real time data tracking in shipments through supply chain. According to Thursday’s release, the CBSA is one of the first border agencies to test the platform out of 94 organizations already participating in the TradeLens platform.
Through the trial run, the CBSA is looking to see if the solution can improve the quality and timeliness of commercial data, increase cargo movement visibility past the first port of arrival, and limit the number of transactions when it comes to making release decisions for shipments.
Source: investingnews.com