Crypto Opinions & News IBM and Maersk to shut down TradeLens Supply Chain platform

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https://www.theregister.com/2022/11/30/ibm_and_maersk_tradelens_shutdown/

IBM and shipping giant Maersk have confirmed they are shutting down their blockchain-based trading platform, saying that its aim of full global industry collaboration had not been achieved.

TradeLens was launched in 2018, with the goal of digitizing and simplifying global supply chains. The system was jointly developed by IBM and Maersk's GTD Solution division as a blockchain-enabled shipping platform designed to promote more efficient and secure global trade. However, Maersk has now posted a notice on its website saying the TradeLens team is taking action to withdraw the offering and discontinue the platform, which is expected to go offline by the end of Q1 2023.

IBM, Maersk will shut down TradeLens supply chain platform

Project with shipping giant was once floated as ideal blockchain use case – but industry didn't buy in

www.theregister.com