IBM and Maersk set up blockchain supply chain company

nRunaway comment: January 16, the technology giant IBM together with the Danish shipping giant Maersk announced that they will cooperate to create a blockchain-based shipping and supply chain companies in the global supply chain from shipping to the port, from banks to all aspects of the customs area Commercialization of block chains. In addition to this cooperation blockchain project, both sides also invested in blockchain in different ways. The joint venture is expected to begin providing software solutions in the third quarter of 2018.n
nTranslation: Clovern
IBM and Danish transport logistics giant Maersk announced on January 16 that both parties will cooperate to create a blockchain-based shipping and supply chain company, but the company’s name has not yet been determined. The aim of this business is to commercialize the blockchain from the global supply chain, from shipping to ports, and from all aspects of the bank to the customs.n
Because blockchain technology can replace cumbersome and unsafe paperwork with secure and transparent digital recording, it can bring a special control approach to the logistics industry.n
Vincent Clerc, Maersk Chief Commercial Officer, will serve as chairman of the newly formed board of directors of the joint venture. In an official statement, he said:n
n”The potential of providing a neutral, open digital platform to exchange information in a safe and easy manner is enormous and will benefit all participants throughout the supply chain.”n
nThe company promised to finalize a new project by the end of last year. The public establishment of the new company was the result of the plans of the two companies over the past year, each of which invested in the blockchain in various ways. The joint venture hopes to begin providing software solutions in the third quarter of 2018.n

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