Spanish Port Authority Joins The Blockchain Platform Developed By IBM And Maersk

In the latest news centered around blockchain on our DC Forecasts crypto news site, we are talking about the Port Authority of the Bay of Algeciras (APBA) and its new signing of an agreement under which it will officially collaborate with IBM and run its platform Tradelens. The news emerged on Europa News yesterday and puts the Tradelens platform in the focus.

For ones who don’t know, Tradelens is a digital platform based on blockchain and developed by both IBM and the international shipping giant Maersk. Meanwhile, Algeciras is one of the top 10 busiest ports in Europe, hosting more than 70 million tons of cargo traffic annually.

As Europa News shared, the APBA note shows that this platform will allow APBA to exchange information and documentation between partners within a supply chain in a more secure and efficient way. The platform will also generate value for shippers, freight forwarders, logistics operators and shipping companies.
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This also proves that more and more leading port operators are embracing blockchain as part of their digital operations.
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In October 2018, the Port of Rotterdam in Netherlands partnered with the Dutch bank ABN AMRO and the IT Subsidiary of Samsung to also test blockchain for shipping.

Before that, a subsidiary of Abu Dhabi Ports became the first entity in the country to deploy its blockchain solution, followed by the leading port in the UK, Associated British Ports, which signed an agreement with digital logistics enabler Marine Transport to also develop blockchain for port logistics.