IT - Blockchain

IBM has recruited two more major shipping carriers to join the blockchain platform it co-owns with container giant Maersk

"Hapag-Lloyd and Singapore-based Ocean Network Express (ONE) - the world's fifth and sixth largest carriers respectively - are the latest ocean carriers to join the TradeLens blockchain.

They follow top-five carriers CMA CGM and MSC, which joined TradeLens last month.

Aside from Maersk and its subsidiary Hamburg Sud, TradeLens was launched in early 2018 with just one other shipping carrier, Asia's Pacific International Lines (PIL), 17th in the world based on cargo volumes.

Over the course of last year, IBM's TradeLens struggled to sign up Maersk's competitors; as CoinDesk reported, rival carriers were put off by IBM and Maersk essentially owning the platform..."

Real-world companies are testing IoT smart contracts and finding value in various industries, from entertainment to utilities to advertising

"Like every wave of buzzwords, the reality is usually different from the hype. Sometimes reality is better, and sometimes it's disappointing.

Blockchain has been riding this curve -- particularly in the IoT space, where smart contracts use cases can be implemented to facilitate the sharing of services and resources in a distributed network.

They're talked about, but just how ubiquitous are they?..."

See all Archived IT - Blockchain articles See all articles from this issue