IBM and Maersk are using a blockchain built on the Hyperledger Fabric to manage the supply chain for container shipping.
Maersk, the Danish shipping company which is the largest container carrier in the world with 18 %
to 20% of the market, did a proof of concept (POC) with IBM in September, tracking a container of flowers from Mombasa, on the coast of Kenya, to Rotterdam in the Netherlands.
Ramesh Gopinath, IBM’s vice president of blockchain research, said all the documents for shipping containers can be fully digitized and the containers can be tracked.
“Global trade $20 trillion, big chunk of global GDP, and container shipping is a huge part of it,’ said Gopinath.
When I walk into any store to buy something, it likely came on a ship.”