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Spanish Port Authority Joins Blockchain Platform Developed by IBM and Maersk

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.

Leading port operators have been increasingly implementing blockchain technology to streamline their operations. In October 2018, the Port of Rotterdam in the Netherlands partnered with major Dutch bank ABN AMRO and the IT subsidiary of Samsung to test blockchain for shipping.

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