Global Container Terminal Joins Maersk And IBM’s Blockchain Shipping Platform TradeLens
Global Container Terminals (GCT), a Canadian ship terminal firm announced a partnership with Maersk and IBM sponsored blockchain solution in the supply chain industry, TradeLens.
The blockchain offers enterprise solutions for companies in the supply chain industry to ensure a transparent and efficient network between trade partners.
Speaking on the partnership with TradeLens, Doron Grosman, CEO and President of GCT said,
“Joining a technology platform like TradeLens only adds to our capability to deliver best-in-class service and visibility to our supply chain partners.”
GCT adopts blockchain in four terminals
The shipping terminal firm will gradually integrate blockchain technologies to its four largest terminals strategically placed in the east and west coast North America. The terminal at the Port of Vancouver and GCT Deltaport, Canada’s largest marine terminal, will be run by GCT Canada branch becoming the first two terminals to integrate blockchain.
TradeLens will also start integration operations in New York and New Jersey terminals in, both of which “offer first and last port-of-call intermodal advantage with their on-dock rail facilities.” GCT Bayonne will run the integration process in New Jersey with GCT New York doing the same in NY –both the subsidiaries are under GCT USA.
The partnership allows the partners to securely connect and interact with supply chain providers including ocean carriers, beneficial cargo owners, and railways. According to the post, TradeLens will provide “end-to-end supply chain information, facilitating seamless data sharing, collaboration and improved trade flows.”
A wide network on the world’s oceans
According to a report in early July, TradeLens secured a partnership with two of the largest shipping companies in the world Hapag-Lloyd and Ocean Network Express. Following the partnership, TradeLens now covers close to half of the global trade in the seas on its network.
The partnership follows a trail of connections with other international shipping companies including the Port Authority of the Bay of Algeciras (APBA), the port authority in Russia and a number of private companies. Some of them include major ocean carriers like Maersk, CMA CGM and MSC.