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The Port Authority of Algeciras Bay (APBA) has signed an agreement under which it will collaborate with IBM on its Tradelens shipping platform, Europa News announced on January 21st. Tradelens is a digital platform based on blockchain technology developed by IBM and international shipping giant Maersk.
Algeciras is one of the 10 most important ports in Europe, with more than 70 million tons of freight per year. In 2017, the port had a container throughput of 4.3 million containers.
According to an APBA memo consulted by Europa News, this platform will allow APBA to exchange information and documents in a more secure and efficient way between partners within a chain of business. ; supply. According to the note, the platform will generate value for shippers, freight forwarders, logistics operators and transport companies.
According to Europa Press, by the end of 2018, the solution had integrated more than 100 organizations and 20 port operators. Tradelens reportedly recorded 230 million shipments and processed more than 20 million containers.
Major port operators are increasingly using blockchain technology to streamline their operations. In October 2018, the port of Rotterdam in the Netherlands joined the large Dutch bank ABN AMRO and the computer subsidiary of Samsung to test the blockchain for expedition purposes.
In June 2018, a subsidiary of Abu Dhabi Ports became the first entity in the country to deploy its own blockchain solution. Maqta Gateway LLC, the subsidiary, has developed and launched Silsal, a blockchain-based technology aimed at improving the efficiency of the transport and logistics sector.
Associated British Ports, the largest port operator in the UK, signed an agreement in September 2018 with digital logistics provider Marine Transport International to develop a block chain for port logistics.
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