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Maersk, IBM partnering on blockchain-based supply chain solution

IBM and Maersk are collaborating to work on a joint blockchain technology solution for the shipping and logistics industry.

The companies have built a blockchain solution based on the open source Linux Foundation’s Hyperledger Fabric and delivered via Bluemix. The solution enables the real time exchange of original supply chain events and documents through a digital infrastructure, or data pipeline, that connects the participants in a supply chain ecosystem using blockchain.

The solution was used when goods from Schneider Electric were transported on a Maersk Line container vessel from the Port of Rotterdam to the Port of Newark in a pilot project. The U.S. Department of Homeland Security and U.S. Customs and Border Protection are also participating in a pilot, says IBM.

The solution is expected to be available commercially later this year.

[Image courtesy: IBM]

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