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posted by hubie on Monday December 05 2022, @02:10PM   Printer-friendly

A.P. Moller - Maersk (Maersk) and IBM today announced the decision to withdraw the TradeLens offerings and discontinue the platform:

Computing giant IBM Corp. and Danish shipping company A.P. Moller – Maersk are discontinuing their blockchain-enabled shipping platform, TradeLens, which was jointly developed by the two companies for tracking shipments and managing supply chains in the container industry.

[...] "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, while we successfully developed a viable platform, the need for full global industry collaboration has not been achieved."

TradeLens was launched in 2018 as a collaborative project between the two companies using IBM's Hyperledger Fabric blockchain technology. It's used to connect shippers, shipping lines, freight forwarders, port and terminal operators, transportation and customs authorities in order to reduce costs by tracking shipping data and documents.

[...] Speaking to SiliconANGLE today, Neeraj Srivastava, co-founder and chief technical officer of DLT Labs, a blockchain firm that develops solutions for fintech and supply chains, argued that TradeLens failed because it spent too much time on hyping itself and too little time on innovation.

Maersk press release. Originally spotted on The Eponymous Pickle.


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  • (Score: 2) by ElizabethGreene on Monday December 05 2022, @02:57PM (1 child)

    by ElizabethGreene (6748) Subscriber Badge on Monday December 05 2022, @02:57PM (#1281259) Journal

    Did this run on a separate blockchain or did it build on Ethereum?

    Ether is, I think, the answer to the question "What else can it do except be used for currency speculation?". The prescience to allow other apps to build on top of it and the willingness to move to proof of stake (energy efficient) mining probably make this a winner.

    (Full disclosure, now that I've thought through it and said it out loud, I'm moving my wet and dry wallets to Ether.)

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  • (Score: 3, Touché) by JoeMerchant on Monday December 05 2022, @03:51PM

    by JoeMerchant (3937) on Monday December 05 2022, @03:51PM (#1281273)

    Ether is, I think, the answer to the question "How do I create a blockchain system that can be used for something other than currency speculation, and still put a fat siphon on the value stream back into my own pockets?"

    The prescience obvious development to allow other apps to build on top of it and the willingness to move to proof of stake (energy efficient) mining probably make this a winner model for future development by others who don't want to pay tax to the developers of Ether.

    Shameless plug [assignonward.com] for proof of stake cryptocurrency without the speculator's tax.

    What IBM+Maersk were doing could also be proof of stake based, all it really was was an agreed upon record (ledger) whereon the participants share information with each other. Blockchain is a tool, the innovation was transparency, and apparently they took the transparency too far for the players to be comfortable participating long term.

    Transparency is a Very Good ThingTM from the global (meaning: all participants') perspective. Unfortunately, in a zero-sum-game, which many business arrangements are (or, more importantly, are perceived to be by executive management), helping everyone else is sometimes perceived as not helping one's self as much as might otherwise be possible...

    --
    🌻🌻 [google.com]