How TradeLens Will Transform Global Shipping

How TradeLens Will Transform Global Shipping

By Nnamdi Odumody

TradeLens is a blockchain platform by IBM and Maersk which empowers businesses and authorities along the supply chain with a single, secured source of shipping data for efficiency in operations. It tracks shipments in real time with greater precision via 120+ dynamic events published direct from source, improves data sharing and collaboration with shipping partners through blockchain encryption and powerful permission based sharing, as well setting up subscriptions to be notified when events occur which matches your subscriptions.

VISIBLE:Track shipments in real time with greater precision via 120+ dynamic events published direct from the source – without the back and forth.

SECURE:Improve data sharing and collaboration with shipping partners through blockchain encryption and powerful permission-based sharing.

FLEXIBLE:Leverage TradeLens on your own terms – integrate via API into primary transportation management systems or access by consumer-grade web UI.

TradeLens allows you to manage the documents involved with a consignment. Submitted documents generate events for your documents adding to the view of activities involved with your consignment or transport equipment. TradeLen’s document functions can be used as part of the process of submitting filings for the import and export of goods by enabling end users to securely submit, stamp and approve documents.

It can be utilized directly through REST APIs or through the Shipment Manager UI. The Shipment Manager(SM) component provides a web user interface to interact with the platform. Users can view the events relating to a consignment and perform operations on documents.

TradeLens is committed to the promotion and adoption of industry standards and interoperability of platforms. It will work closely with the TradeLens Industry Advisory Board, TradeLens participants and standard bodies to help the industry coalesce around the use of widely adopted codes and data models. The TradeLens data model and access control scheme will align with the UN/CEFACT model. It is committed to openness with all functionality surfaced via non proprietary, publicly available APIs that are designed specifically for consumability and ease of integration. TradeLens will also increasingly offer standard integrations for ERP, TOS, TMS and WMS packages.

The Blockchain network topology will ensure segregation across carriers.

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