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Skou says Maersk is ahead of CMA CGM and Cosco in terms of blockchain

Maersk and IBM's digital platform Tradelens is, despite a lack of support from other shipping companies, at a "much more advanced stage" than the new blockchain initiative launched by Cosco and CMA CGM, among others, says Maersk Group CEO Søren Skou.
Photo: Bloomberg
Photo: Bloomberg
by SØREN PICO

Maersk Group and IBM's plans to roll out their blockchain technology to shipping companies, shippers and customs authorities now faces competition from five of the world's biggest liner shipping companies, which plan to develop their own solution.

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