India’s largest private port operator works with TradeLens, the blockchain platform
The largest commercial port operator in India has teamed with blockchain-based logistics platform TradeLens in an effort to digitize its supply chains. Adani Ports and Special Economic Zone Ltd. (APSEZ) joined the shipping-focused platform – jointly founded by IBM and Maersk in 2018 – to shore up its processes after issues became apparent as a result of the coronavirus crisis.
TradeLens will integrate cargo handling facilities run by APSEZ around India onto its platform. These include ports in Gujarat, Odisha, Chennai, Andhra Pradesh and Goa, as well as one under construction at Vizhinjam, Kerala. Read more about digital tools HERE
The move aims to reduce the time needed for manually processing administrative tasks through digital procedures supported by blockchain technology
In effect, the initiative seeks to modernize supply chain management systems that have proven costly, laborious and prone to error. It’s not the first time a major port operator has adopted the IBM-Maersk platform. In August 2019, the Customs Department of Thiland adopted TradeLens as part of the country’s Thailand 4.0 policy. The largest port in Oman, Salalah, became a member of the shipping project as part of its digital transformation efforts in January.
Source: coindesk Image Credit: adani ports