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Hapag Lloyd and ONE join Blockchain shipping network

[ July 2, 2019   //   ]

Hapag-Lloyd and Ocean Network Express (ONE) are to join the TradeLens blockchain-enabled digital shipping platform, jointly developed by AP Moller – Maersk and IBM.

Hapag-Lloyd and ONE, the world’s fifth and sixth largest carriers respectively, join CMA CGM and MSC, both of which also recently announced they are joining TradeLens. The platform now covers more than half of the world’s ocean container cargo.
TradeLens aims to replace the peer-to-peer and often unreliable paper-based systems currently used in transporting and trading goods, offering a neutral industry platform.
Members gain a comprehensive view of their data and can collaborate as cargo moves around the world, helping create a transparent, secured, immutable record of transactions.
Hapag-Lloyd and ONE will each operate a blockchain node, participate in consensus to validate transactions, host data, and act as Trust Anchors, or validators, for the network. Both companies will be represented on the TradeLens Advisory Board.

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