IBM, American multinational technology company headquartered in New York, and Maersk, the world's largest container shipping company, known for reliable
The aim of the partnership is to build a new company, which will develop global trade digitization platform built on open standards, designed for use by the entire global shipping ecosystem, and the one which will "address the need to provide more transparency and simplicity in the movement of goods across borders and trading zones".
— Maersk (@Maersk) 16 January 2018
The company is stated to use blockchain technology to power the new platform, use other cloud-based open source technologies including artificial intelligence, Internet of Things, analytics, delivered through IBM Services, in order to help companies "move and track goods digitally across international borders".
By joining our knowledge of trade with IBM's capabilities in blockchain and enterprise technology, we are confident this new company can make a real difference in shaping the future of global trade.
Chief commercial officer, Maersk
The two main goals of the new project are stated as follows:
- A shipping information pipeline, which should provide supply chain visibility and security of information about shipment
- Paperless Trade, which should digitize paperwork to reduce the time and cost for clearance and cargo movement
Moreover, Maersk shipping company and IBM plan to establish an advisory board of industry experts to develop the platform and provide open standards.