IBM and the Danish shipping company Moller Maersk are developing the TradeLens blockchain platform for the documentation of real-time cargo transportation. Access to the platform will have business representatives and regulators. Information about this is contained in the press release of IBM.

The TradeLens platform will enable freight carriers to organize convenient financial document circulation. The technology of blockchain will be used in the platform to ensure a high level of confidentiality and data security. According to Forbes, more than 100 private companies have already announced their readiness to use the services of the new platform from IBM and Moller Maersk, including 20 cargo terminals and ports from around the world. Along with this, the customs authorities of Australia, Singapore, Saudi Arabia and the Netherlands are planning to use the platform in their own activities.

IBM was established in 1911 in the United States. Its head office is located in Armont. To date, IBM is one of the world’s largest providers of software and hardware. In addition, the company is engaged in providing consulting services and developing IT-services.

Moller Maersk was founded in Denmark in 1904. It deals with the maintenance of port terminals and sea freight. The head office of the company is located in Copenhagen. Moller Maersk is the world market leader in container transportation. Its share on it is 18%.