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Maersk, IBM discontinue shipping blockchain platform

Maersk, IBM discontinue shipping blockchain platform
Maersk, IBM discontinue shipping blockchain platform Copyright  Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
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COPENHAGEN - Shipping company Maersk said on Tuesday it would discontinue a blockchain platform announced in 2018 in partnership with IBM with the aim of limiting the industry's costly paper trail.

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The platform called TradeLens will be phased out by the end of March next year, Maersk said.

"While we successfully developed a viable platform, the need for full global industry collaboration has not been achieved," the company said in a statement.

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