Close
Close

Published

TradeLens now officially into monopoly territory, IBM pleased as punch

IBM and Maersk struggled to get their blockchain-backed shipping project off the ground, having to restructure their joint-venture agreements to assure the rest of the industry that it wasn’t going to be anti-competitive. Well, the move appears to have paid off, and TradeLens has announced that with two new members, Hapag-Lloyd and One, it now represents the carriers of more than half of global ocean container shipping volume. Both Hapag-Lloyd and Ocean Network Express (ONE) have joined, and both will operate one of the blockchain nodes that powers TradeLens, determining the consensus for the shared ledger of transactions. They will be validating these transactions, hosting data, and acting as the network’s Trust Anchors. Both are also taking seats on the…

Close