Maersk Line and IBM form new digital partnership

Maersk Line and IBM are joining forces to develop and implement blockchain technology in the global supply chain. According to the two companies, the technology could save the industry billions of dollars.

Maersk Line and IBM have formed a new collaboration to develop the so-called blockchain technology – a digital solution that will make it possible to administrate and follow the trail of transactions and documents for millions of containers around the world in the global network of shippers, forwarders, carriers, ports, and customs authorities, inform IBM and Maersk in a joint press release.

According to the two companies, the new digital technology has the potential to save the shipping and logistics sector billions of dollars when it is fully implemented.

"The projects we are doing with IBM aim at exploring a disruptive technology such as blockchain to solve real customer problems and create new innovative business models for the entire industry. We expect the solutions we are working on will not only reduce the cost of goods for consumers, but also make global trade more accessible to a much larger number of players from both emerging and developed countries," says Ibrahim Gocken, chief digital officer at Maersk, in the press release.

Maersk and IBM will collaborate with a network of shippers, forwarders, carriers, and authorities to develop the product, which is expected to go into prouction later in 2017.

Biggest innovation since the Internet

The blockchain technology has been described as the biggest step forward since the Internet and as a revolution that will change the world and the way parties do business – especially in the financial sector.

The technology, which according to its advocates could revolutionize the financial sector, makes global banking much more efficient, renew democracy, enable completely new business models, and fundamentally overhaul the we way we interact and deal with each other on the Internet.

Maersk and IBM plan to adapt the technology to the global transport sector, and this will enable all stakeholders in a supply chain, independently of their status, to track where a product is located while promising to generally increase transparency.

This is how Maersk Line will digitize its fleet

Container carriers' search for digital solutions now underway

CMA CGM signs cooperation deal with Alibaba

SeaIntelligence founder: This is the container industry in 2025

Frontpage right now

Maersk Drilling forms alliance with Aker BP and Halliburton

Maersk Drilling has formed an alliance with Norway's Aker BP, which also sees Halliburton play a part. ""We see great potential in a deeper collaboration across the industry to eliminate inefficiencies and create joint value," says CEO Jørn Madsen.

Monjasa founder dug out crucial evidence to secure acquittal

An unknown bunker company, a technical report and testimony from a former head of sales helped secure the acquittal of Monjasa and founder Jan Jacobsen at Denmark's Western High Court. Jacobsen himself unearthed several crucial pieces of evidence.

ICS criticizes shipbuilding subsidies

The shipping industry must be financially sustainable to be able to live up to the impending environmental requirements on CO2 emissions reductions, stresses ICS, criticizing the subsidies which support the construction of new vessels.

Latest Container

Related articles

Latest news


See all

See all