INTERNATIONAL Container Terminal Services, Inc. (ICTSI), which operates in 19 countries, has signed on to connect its 31 terminals to the TradeLens platform. Connecting to Tradelens, a blockchain platform jointly developed by IBM and Maersk, allows all ICTSI terminals access to accurate information on cargo movements well in advance of vessel arrivals. Tracking of containers through the networked exchange of data enables efficient asset planning for all entities involved utilizing data in near real-time to create end-to-end data visibility. Leveraging a state-of-the-art enterprise data platform ICTSI will manage a single global TradeLens connection that will enable rapid innovation and service improvement in partnership with TradeLens. TradeLens not only enables carriers and cargo owners to exchange transactional information in real time, it also sends associated trade documents to permissioned parties.

Source: Manila Times November 10, 2020 17:26 UTC