Port Authority of Valencia Joins Maersk, IBM Blockchain Project for Shipping

The Port Authority of Valencia (PAV), Spain, has integrated into the TradeLens platform, a blockchain ecosystem jointly developed by IBM (NYSE:) and shipping giant Maersk, according to an official announcement published Nov. 5.

Launched in August 2018, the TradeLens platform applies blockchain technology to global supply chains. The product aims to improve trade efficiency and security, wherein all participants of the supply chain, including shipping lines, port and terminal operators, customs authorities and other parties, can interact and access shipping data and documents.

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