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Global Container Terminals Joins Blockchain-Platform TradeLens

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Global Container Terminals Inc. (GCT) joins the blockchain-enabled shipping platform TradeLens to securely connect with supply chain partners. These include ocean carriers, beneficial cargo owners, and railways. The solution is jointly developed by Danish transport and logistics giant Maersk and IBM by applying blockchain to the world's global supply chain.

On the TradeLens blockchain network, the Canadian container terminal operator is expected to operate a blockchain node, participate in consensus to validate transactions, host data, and act as Trust Anchors, or validators for the network.

GCT, which operates four strategically located terminals on the west and east-coast of North America, will roll out the program in phases at all four of its terminals to connect the east and west coasts of North America.

The terminal operator is among more than 100 diverse organizations worldwide involved in the TradeLens platform, which was launched in August last year, just six months after the blockchain collaboration between IBM and Maersk was announced in January 2018.

The platform has the data for more than half of the world's ocean container cargo on the blockchain network after the recent addition of five of the top six shipping carriers, including Maersk itself, on the network. Ten of GCT's ocean carrier customers are also on the TradeLens network.

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