Maersk, IBM shutting down blockchain-enabled supply chain project

published on 2022/11/30

TradeLens was founded on the "bold vision to make a leap in global supply chain digitization as an open and neutral industry platform," said Rotem Hershko, head of business platforms at Maersk.

Unfortunately, thought the platform was viable, the need for full global industry collaboration failed. As a result, TradeLens has not reached the level of commercial viability necessary to continue work and meet the financial expectations as an independent business, Hershko said.

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