The Port Authority of the Bay of Algeciras (APBA) has signed an agreement under which it will collaborate with IBM on its shipping platform Tradelens, Europa News reported on Jan. 21. Tradelens is a digital platform based on blockchain technology developed by both IBM and international shipping giant Maersk.
According to an APBA note seen by Europa News, the platform will allow APBA to more securely and efficiently exchange information and documentation between partners within a supply chain. Per the note, the platform will generate value for shippers, freight forwarders, logistics operators and shipping companies.
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