Dubai-based port operator and global supply chain company DP World has partnered with Tradelens, a blockchain-enabled solution which is jointly developed by Maersk and IBM, to digitalise global supply chain.
DP World plans to connect all of its 82 marine and inland container terminal, as well as feeder companies and logistics divisions with TradeLens.
By leveraging Tradelens technology, DP World will be able to improve operational efficiency and it will give the company easier visibility of container flows throughout the supply chain.
Sultan Ahmed Bin Sulayem, group chairman and chief executive officer at DP World told the media, “Our decision to team up with TradeLens is driven by our vision for intelligent logistics, reducing costs and creating value. DP World is working to deliver integrated supply chain solutions to cargo owners, backed by our global network of ports, terminals, economic zones, and inland operations.”
“By working with TradeLens we will accelerate the digitisation of global trade. Modernising the processes by which logistics operate is critical to building more robust and more efficient supply chains which will help economic development and generate more prosperity.”
TradeLens provides visibility across the entire supply chain, from booking to clearance to payments and connects all parties involved in trade in a single platform.
Last month, DP World launched a digital global trade supply chain platform that enables freight forwarders and other businesses, to book shipments of cargo from and to anywhere in the world, by any combination of sea, land, and air.
Earlier this month, DP World joined hands with Mastercard to digitalise payments at its ports. The partnership will see both DP World and Mastercard create a facility that will help cargo owners and small and medium-sized enterprises (SMEs) to pay for their freight-related costs digitally.