IBM and Maersk’s Blockchain Platform TradeLens Onboards Asian Shipping Terminal CMIT

A new shipping company from Vietnam has decided to join the TradeLens blockchain platform powered by IBM and Maersk. The shipping company is called Cai Mep International Terminal (CMIT), which is also a joint venture between Vinalines, Saigon Port and APM Terminals. The information was released by CMIT in a blog post on December 19.

CMIT Joins TradeLens

As per the press release, CMIT is recognized as one of the most important terminals in the deep-water gateway port complex called Cai Mep – Thi Vai. Indeed, their facilities allow accommodating vessels with a capacity of up to 194,000 WT allowing Vietnam to be connected with other markets in three different continents.

This decision to start using the TradeLens blockchain network powered by the shipping giant Maersk, the goal is to remain a pioneer in the industry. In this way, CMIT will be able to continue innovating and applying e-solutions to its daily operations. In the future, this platform will help CMIT offer a best-in-class service to customers and clients from all over the world.

According to Jan Bandstra, General Director at CMIT, customers played an important role in demanding new and high-quality services. By getting integrated into the TradeLens platform, CMIT will have the possibility to make immediate updates on cargo and shipping data.

TradeLens works as a neutral blockchain platform that is helping the international trade and shipping industries to become more efficient. It is worth mentioning that this is beneficial not only for CMIT but also for cargo owners, inland transportation providers and all the parties that are involved in the whole supply chain process.

Finally, by integrating TradeLens, CMIT will become the first terminal in Vietnam that joins this blockchain platform. In the future, other terminals and partners can join this initiative and help customers and players offer better services to clients.