TradeLens: Building a world of paperless trade

What is TradeLens?

TradeLens is an open and neutral supply chain platform underpinned by blockchain technology. We are enabling true information sharing and collaboration across supply chains, thereby increasing industry innovation, reducing trade friction and—ultimately—promoting more global trade.

By embracing open standards and interoperability, fostering trust across the ecosystem, and encouraging broad-based participation, TradeLens is ushering in a new era in global supply chains—one where all parties can collaborate, share data, and realize the benefits of digitization.

TradeLens data is published directly from the source so the right people can securely manage their supply chain in real-time. TradeLens breaks down longstanding data and processing silos that exist among trading partners and simplifies the flow of documentation that accompanies every shipment.

 

TradeLens was developed in collaboration between GTD Solution and IBM, supported by major players across the industry.

  • Connecting the ecosystem

TradeLens brings together all parties in the supply chain—including beneficial cargo owners, freight forwarders, inland transportation providers including rail and trucking, ports and terminals, ocean carriers, customs and other government authorities—onto a single, secure data-sharing and collaboration platform.

  • Driving true information sharing

TradeLens provides seamless, secure sharing of real-time, actionable supply chain information across all parties—encompassing shipping milestones, cargo details, trade documents, sensor readings and more— thereby empowering the consumers to mitigate problems through predictability and exception handling.

  • Foster collaboration and trust

TradeLens enables the digitization and automation of cross-organizational business processes integral to global trade, while—thanks to blockchain—ensuring critical transaction information is secure, immutable and auditable.

  • Spur innovation

TradeLens lays the foundation for ongoing improvement and innovation through an open API environment, the use of standards and promotion of interoperability. The TradeLens Marketplace will allow third parties to build and deploy applications on the TradeLens platform.

Source: Tradelens website, https://www.tradelens.com/, 1 September 2022

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