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Briefing
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- IBM-Maersk Join Venture – IBM and Maersk forming joint venture to commercialize global trade platform developed using blockchain technology, addressing logistics industry’s need for more transparent and simpler movement of goods across borders
- Planned Core Services – Initially plans to provide Shipping Information Pipeline that enables end-to-end supply chain visibility and Paperless Trade that automates paperwork using smart contracts
- Other Technologies – Leverages other rapidly accelerating technologies, such as Internet-of-Things, artificial intelligence and data analytics
- Target Shipping Industry Clients – Include manufacturers, shipping lines, freight forwarders, and port operators, as well as customs and government authorities
- Exploring Use Cases – Include General Motors and Procter and Gamble streamlining complex supply chains; Agility Logistics improving customer services and customs brokerage; Singapore and Peruvian Customs exploring collaboration on platform to facilitate trade flows and enhance security; and terminal operators APM Terminals and PSA International improving terminal planning
- Commercial Launch – Expects formal launch of joint venture within six months after release of regulatory approval
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Accelerator
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Market Disruption
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Business Model and Practices
Business Model
and Practices
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Sector
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Transportation and Logistics
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Organization
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International Business Machines Corp., Maersk A/S
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Source
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Original Publication Date
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January 16, 2018
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