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10/9/2020
Canadian Pacific announced yesterday it has joined TradeLens, a blockchain-based platform that enables the secure and transparent transfer of container-shipping documents.
The open-API platform will help CP intermodal shippers create, amend and share documents with other supply chain participants, including consignees, beneficial cargo owners, customs agencies, dray operators and steamship lines, CP officials said in a press release.
TradeLens was developed by IBM and A.P. Moller-Maersk specifically for use in the container shipping industry. It currently handles more than 700 million events and 6 million documents annually. The system integrates with users' in-house systems via nonproprietary, publicly available APIs designed for ease of setup and use.
"Global shipping is a profoundly complex business, and TradeLens is improving the information-sharing processes that support the industry. CP is always innovating for the benefit of its customers, and joining TradeLens is an example of that innovation," said CP Vice President and Chief Information Officer Mike Redeker.