Maersk, IBM To Discontinue Blockchain JV TradeLens

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Credits: Noel Broda/Unsplash

A.P. Moller – Maersk and IBM are shutting down their blockchain-enabled global trade digitization platform, TradeLens, after the solution failed to reach commercial viability, reads an official release.

Rotem Hershko, head of business platforms at A.P. Moller – Maersk, justified the decision in a statement by noting: “TradeLens has not reached the level of commercial viability necessary to continue work and meet the financial expectations as an independent business.”

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https://mfame.guru/maersk-ibm-to-discontinue-blockchain-jv-tradelens/

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