The large Spanish port was connected to a blockchain of IBM and Maersk

In January, 2019 the Port authority Algeciras (Port Authority of the Bay of Algeciras, APBA) signed with IBM the usage agreement a blockchain system of TradeLens which the American IT giant develops together with the Danish sea cargo carrier of Maersk Group.

Thanks to this APBA platform will be able more safely and effectively to exchange information and documentation with partners in cargo transportation. The technology will be useful to all participants of a supply chain, including senders of loads, forwarding agents, logistic operators and shipping companies.

The large Spanish port was connected to a blockchain of IBM and Maersk

According to the Europa Press edition, by the end of 2018 more than 100 companies and 20 operators of ports were connected to TradeLens. By that moment in a system 230 million processed cargo transportation with attraction over 20 million containers were registered.

Algeciras is included into ten the most loaded ports in Europe, through which every year there pass more than 70 million tons of a load. In 2017 the capacity of the harbor was 4.3 million containers.

Earlier other large Spanish port — Valencia —  submitted own concept of tracking of a supply chain on a blockchain. TradeLens participating in development the port of Rotterdam together with bank ABN Amro also Samsung SDS  develops the draft  of the decentralized platform for ensuring container transportations. Besides, the solution blockchain is used in the work by operators of ports Abu Dhabi Ports, Associated British Ports, Maqta Gateway and so forth.

We consider that the blockchain can play an important role digitalizations of global transportations — spheres of global economy which volume exceeds $4 trillion a year.  Nevertheless, success of technology depends on one factor — consolidation of all ecosystem around the commonly accepted approach which is equally profitable to all participants of transportations — the senior vice president of the direction IBM Global Industries, Solutions and Blockchain Bridget van Kralingen said.[1]

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