Global Container Terminals Joins IBM-Maersk Blockchain Group

Global Container Terminals Inc. (GCT) said it will take part in the TradeLens blockchain platform developed by Maersk  and IBM (NYSE: IBM). TradeLens has said the platform allows shippers, ocean carriers, freight forwarders, port and terminal operators, inland transportation and customs authorities to interact more efficiently through real-time access to shipping data and shipping documents. TradeLens will facilitate “seamless data sharing, collaboration and improved trade flows” with ocean carriers, beneficial cargo owners and railways, GCT said in a statement, adding that 10 of its ocean carrier customers have committed to using the TradeLens platform.