Livingston Trials IBM-Backed Global Shipping Initiative TradeLens Blockchain with Canada’s CBSA
Livingston International Inc. has just gone ahead to announce their formal participation in the new blockchain enabled global shipping initiative by the TradeLens.
Additionally, it also announced its recent inclusion in the comprehensive pilot that is involving the CBSA, which is also referred to as the Canada Border Services Agency.
More On The TradeLens
It has been established as a digital shopping solution that is blockchain enabled, one that has been jointly developed by the A.P Moller-Maersk together with the IBM. All this was to ensure that they are able to promote a more efficient and secure global trade.
The system has been designed in a way it is able to limit the errors that occur in logistics; thus, this will be able to improve on the transit times, reduce the instances of fraud taking place and being able also to mitigate the risks.
The Livingston platform is expected to serve as the very first customs broker that will be able to leverage on the TradeLens platform to enjoy the brokerage automation feature. In the pilot, Livingstone central role is to enter and access the information that has been provided on shipment and also be able to streamline the current internal procedures without having to comprise the level of security and accuracy in the transactions.
As for the CBSA, it will also be participating in the pilot been run by TradeLens; they are to determine on what kind of role the platform will be expected to play in the business processes it will carry out.
“We have always prided ourselves on being a forward-thinking customs broker and trade-services provider,” said Craig Conway, Chief Technology Officer, Livingston International. “We are excited to work with Maersk, IBM, CBSA and other members of the TradeLens ecosystem on an initiative we believe will serve our industry well and provide transparency and security in the global movement of goods.”
The Livingston platform has been known to heavily invest in the automation sector together with the disruptive technologies in the market; this is just to ensure they are able to provide a more enhanced, reliable and transparent solution that a business is able to adapt around the globe.
With the new move, the TradeLens platform is also excited to have the Livingstone company onboard, the Livingstone platform has now been strategically positioned to pioneer adequate use of the blockchain technology, and from here it will be able to shape the current impact it is having on the shippers around the globe.
The Pilot Will Be Able To Shed Some Light
With the pilot that is being run by TradeLens, it will be able to determine precisely how the blockchain technology is able to optimize the quality and the speed of customs together with the commercial data. While all this is happening, they will also be able to offer great transparency in how each of the cargo moves and be in a position to streamline the decisions making the process for each release of a shipment.
What has been considered to be very important in the platform is the current ecosystem, with the company being able to build trust it will easily enable collaboration to take place, and this way everyone on the platform will be able to benefit.
A Little History On TradeLens
The platform was jointly developed by the IBM and the Maersk, one that has been designed as an open industry platform that has been underpinned by the vibrant blockchain technology. A platform that has been supported by some of the major players who are in the shipping industry around the globe.
A Little History On Livingston International
The platform mainly focuses on trade compliances and customs brokerages, being able to offer the best international trade consulting, freight forwarding and the management of global trade. The company has been known to provide the needed clarity in this world of complexities; thus, businesses are able to grow faster, go further, and also be smarter in the growing market.