SoylentNews

fliptop [soylentnews.org] writes:

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

Computing giant IBM Corp. and Danish shipping company A.P. Moller – Maersk are discontinuing [maersk.com] 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 [dltlabs.com], 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 [maersk.com]. Originally spotted on The Eponymous Pickle [blogspot.com].

Original Submission