Maersk and IBM to launch blockchain joint venture

Maersk Group and IBM will establish a joint venture to "offer a jointly developed global trade digitization platform."

Photo: Maersk Line

Maersk Group and IBM announce Tuesday that they plan to establish a joint venture which will "provide more efficient and secure methods for conducting global trade using blockchain technology," the companies write in a statement.

"The aim of the new company will be to offer a jointly developed global trade digitization platform built on open standards and designed for use by the entire global shipping ecosystem. It will address the need to provide more transparency and simplicity in the movement of goods across borders and trading zones," they write.

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