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COPENHAGEN/ARMONK, NY: May 28, 2019. Global container carriers CMA CGM and MSC Mediterranean Shipping Company (MSC) are to join TradeLens, a blockchain-enabled digital shipping platform developed by A.P. Moller - Maersk and IBM.

As a result, data for nearly half of the world's ocean container cargo will be available on TradeLens to enable what is claimed as greater trust, transparency and collaboration across global supply chains.

CMA CGM and MSC will operate a blockchain node, participate in consensus to validate transactions, host data, and act as Trust Anchors, or validators, for the network.

maersk ibm blockchain platform"Digitization is a cornerstone of the CMA CGM Group's strategy to provide an end-to-end offer tailored to our customers' needs. We believe that TradeLens, with its commitment to open standards and open governance, is a key platform to help usher in this digital transformation," said Rajesh Krishnamurthy, CMA CGM executive vice president IT & Transformations. “ [The] TradeLens' network is already showing that participants from across the supply chain ecosystem can derive significant value."

TradeLens says with more than 100 participants on the platform it is processing over 10 million discrete shipping events and thousands of documents each week - providing shippers, carriers, freight forwarders, Customs officials, port authorities and inland transportation providers a common view of transactions.

"Digital collaboration is a key to the evolution of the container shipping industry. The TradeLens platform has enormous potential to spur the industry to digitize the supply chain and build collaboration around common standards," added André Simha, MSC Chief Digital & Information Officer.

In April this year, A.P. Møller – Mærsk, Hapag Lloyd, MSC and Ocean Network Express formed the Digital Container Shipping Association (DCSA) following regulatory approval from the US Federal Maritime Commission. One month later they were joined by CMA CGM, Evergreen Line, Hyundai Merchant Marine, Yang Ming and ZIM.

"While carrier participation is critical, it is important to note that the TradeLens platform relies on participation from across the entire supply chain ecosystem," declared Vincent Clerc, A.P. Moller – Maersk Chief Commercial Officer.

"P&G ships a significant volume of ocean containers every year. Whether filled with our products or the materials used in production, understanding the status of our containers helps us manage an efficient supply chain,” noted Michelle Eggers, Proctor & Gamble director Global Logistics Purchases.

“We are convinced that the industry will benefit from the transparency and accuracy of blockchain solutions and we are pleased to see MSC, CMA CGM, and Maersk all on the TradeLens platform. We have been testing TradeLens for the P&G business and see potential as the solution scales,” she continued.

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