Dubai-based ports operator DP World is in the early stages of integration with TradeLens, a block-chain based digital container logistics platform, the company announced recently.
TradeLens has been jointly developed by A.O. Moller – Maersk and IBM.
According to DP World, the collaboration with TradeLens will help accelerate the digitisation of global supply chains.
DP World plans to connect all its 82 marine and inland container terminals – as well as feeder companies and logistics divisions – with TradeLens.
TradeLens uses data from shippers, porting operators and shipping lines, and replaced manual and paper-based documents with blockchain-enabled digital solutions.
In DP World’s case, the data will allow it to follow the port stay for each container, to enable better planning.
“Our decision to team up with TradeLens is driven by our vision for intelligence logistics, reducing costs and creating value,” said Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World. “By working with TradeLens we will accelerate the digitisation of global trade. Modernising the processes by which logistics operate is critical to building more robust and more efficient supply chains which will help economic development and generate more prosperity."
DP World has already connected India’s Cochin Port with the TradeLens platform, and plans to collaborate with other DP World business units, such as Unifeeder.
In 2019 DP World's terminals handled 71.2 million TEU (twenty-foot equivalent units) containers from around 70,000 vessels.
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