Shipwaves, a Mumbai-based digital freight forwarder, has joined Maersk-IBM developed TradeLens platform.
The association between the blockchain-powered supply chain
solution provider and digital freight forwarder is aimed at accelerating the
digitization of the ocean logistics space, especially in India and the
Middle-East.
Technical Paper: TradeLens and India – Blockchain, progress and opportunities
Having recently allowed shipping bills of lading to be filed over a blockchain platform, India has been betting big on blockchain-enabled solutions to digitise its maritime supply chains.
Through the addition of TradeLens, Shipwaves will be able to provide timely end-to-end supply chain visibility, secured sharing of digital shipping documents, and data directly from partners.
This will enable the forwarder to improve efficiency and decrease operational costs by a significant margin. Additionally, the smart contract-based workflows will automate and digitise multi-party interactions, which will result in improved efficiency.
Commenting on the association, Sajid Mohammed, COO – Shipwaves, said, “Our working with TradeLens marks a significant milestone which will enable us to digitise our customers’ operations and lead them into the blockchain era of global trade. While we were one of the early innovators in the digital freight forwarding space, the ongoing pandemic taught us that, this alone is not enough. One also needs collaboration to enhance competence and expand capabilities.
“Our SaaS products helped us gain deep insights into the
inner universe of clients’ IT systems, how they interact with their logistics
teams and stakeholders. We believe that the TradeLens platform will truly
elevate our value proposition, allowing us to interconnect with shippers,
carriers & other stakeholders. The best part is that all this will be done
using the innovative technology that ensures security, trust, and
transparency.”
