IBM Reveals Blockchain Supply Chain Trial with Singapore Port Operator

faithmade (40)in #world • 7 years ago (edited)

A major port operator in Singapore has inked a deal to work with IBM and a regional shipping firm to test a new blockchain-based supply chain network.

Announcing the news, PSA International, which operates ports in Asia, South America, and Europe, said that it has signed a memorandum of understanding with IBM and Pacific International Lines (PIL), one of the largest liner services in the world.

The three firms will "work together to explore [proofs-of-concept] using technologies like blockchain," according to an announcement published.

The goal of the trial is to automate the flow of documents between trading partners, providing transparency along the way.