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Oman’s largest port joins IBM’s Blockchain shipping platform TradeLens

Oman’s largest port joins IBM’s Blockchain shipping platform TradeLens

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Salalah, Oman - November 12, 2017: Container Ship Georg Maersk moored in Port of Salalah in Oman, Indian Ocean. Loading and unloading, export-import.

The Port of Salalah in Oman has joined TradeLens, the Blockchain-based supply chain platform launched in 2018 by shipping giant Maersk and IBM.

The addition of the Port of Salalah puts TradeLens at more than 90 ports and terminals, with over 150 participants in total on the platform.

The Port of Salalah is Oman’s largest port, handling a record number of four million shipping containers per year. The port joins TradeLens as part of its digital initiative to enhance customer experience while ensuring a global, transparent standard for collaboration with other entities in the supply chain ecosystem.

TradeLens, which is powered by IBM’s Blockchain technology, enables multiple trading partners to collaborate. The platform provides a real-time, shared view of shipping transactions and data across a permissioned Blockchain network.

This creates transparency and efficient collaboration for all entities involved, including shippers, shipping lines, freight forwarders, port and terminal operators, inland transportation and customs authorities.

Mark Hardiman, the Chief Executive Officer of Port of Salalah, said: “Adopting and incorporating Blockchain technology into all aspects of the supply chain will not only enhance the attractiveness of Salalah for these companies but also support the development of new business models that can further leverage the geographical location of Salalah.”

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