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Port Authority of Valencia Joins Maersk, IBM Blockchain Project for Shipping

“The Port Authority of Valencia (PAV), Spain, has integrated into the TradeLens platform, a blockchain ecosystem jointly developed by IBM and shipping giant Maersk, according to an official announcement published Nov. 5” writes Ana Alexandre for Launched in August 2018, the TradeLens platform applies blockchain technology to global supply chains.In September, the U.K.’s leading port operator, Associated British Ports, signed an agreement with digital logistics enabler Marine Transport International to develop blockchain for its port logistics.The members of the blockchain trial expect that the technology will help reduce shipping time and simplify financial transactions.Other ports have also made moves to integrate blockchain technology into their operations.

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