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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: 4, Insightful) by JoeMerchant on Monday December 05 2022, @07:43PM (1 child)

    by JoeMerchant (3937) on Monday December 05 2022, @07:43PM (#1281310)

    All the supply-chain-management-blockchain hype was around sharing of information, basically transparency, and the blockchain is useful for that. Security was a layer on top but that's just ensuring that the people recording stuff on the blockchain are who they say they are (and have permission to play in the sandbox...)

    I feel that the dis-incentive for doing this on blockchain comes from the same place as our corporate mandate to delete all e-mails over 2 years old... discoverability of deep history is not always an asset, and in many situations the liabilities of long term recordkeeping outweigh the assets.

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  • (Score: 0) by Anonymous Coward on Wednesday December 07 2022, @03:19PM

    by Anonymous Coward on Wednesday December 07 2022, @03:19PM (#1281548)

    In many scenarios the blockchain stuff just seems like hype or even scammy. For example: https://www.cnbc.com/2021/01/19/uk-hospitals-use-blockchain-to-track-coronavirus-vaccine-temperature.html [cnbc.com]

    They could just use Non-Reversible Temperature Labels and things would probably be even safer.

    But then scammers won't be able to profit by saying "And Blockchain!".

    See also: https://www.currentaffairs.org/2022/05/why-this-computer-scientist-says-all-cryptocurrency-should-die-in-a-fire [currentaffairs.org]

    [Weaver’s Iron Law of Blockchain], which is: When somebody says you can solve X with blockchain, they don’t understand X, and you can ignore them.