DP World has completed the early stages of integration with TradeLens, a blockchain-based digital container logistics platform jointly developed by A.P. Moller – Maersk and IBM.
TradeLens aims to modernise manual and paper-based documents, replacing them with blockchain-enabled digital solutions by bringing together data from the global supply chain ecosystem including shippers, port operators and shipping lines. Its aim is also to provide visibility across the entire supply chain, from booking to clearance to payments and is built on input from the industry including direct integrations with more than 110 ports and terminals, more than 15 customs authorities around the world and an increasing number of intermodal providers.
According to DP World, data from its integration with TradeLens will improve operational efficiency with earlier visibility of container flows across multiple carriers. Such visibility includes confirmation of the transport modality that follows the port stay for each container, which in heavy transhipment or rail ports enable better yard planning. It will also expand the capabilities of DP World’s digital platforms created to move online the management of logistics.
In 2019, DP World’s terminals handled 71.2m twenty-foot equivalent unit containers from around 70,000 vessels. Now the company aims to connect all its 82 marine and inland container terminals, as well as feeder companies and logistics divisions with TradeLens.
Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Office of DP World said: “By working with TradeLens we will accelerate the digitisation of global trade to build more robust and more efficient supply chains which will help economic development and generate more prosperity.”