IBM and Maersk announce blockchain-based JV

Posted 10 August, 2018

IBM and Maersk are working on a joint blockchain project TradeLens. 

TradeLens is a digital trading solution for the global transportation ecosystem. The potential partners can use it for cooperation and general management of transactions without affecting privacy.

The founders stated that 94 organizations expressed interest in joining the open-standard platform. In particular, TradeLeans are applied to the terminals of PSA Singapore, International Container Terminal Services Inc, Patrick Terminals, Modern Terminals, Port of Halifax, Port of Rotterdam, Port of Bilbao, PortConnect, PortBase and Holt Logistics.

According to the available data, the project is based on IBM blockchain technology. It is aimed at facilitating the cooperation among shippers, ports, terminals, freight forwarders and customs bodies providing real-time access to the documents (IoT and technical specifications of the cargo). Customs authorities of different countris, including Saudi Arabia, Singapore, the Netherlands are taking part in the project testing.

"This initiative will generate tremendous savings for our industry over time while enhancing global supply chain security. Modern Terminals is pleased to participate as a Network Member in testing this exciting shipping industry innovation," noted representative of Modern Terminals.

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10 August, 2018 11:48

← Intuit registers crypto payment processing via text message

Intuit, the software developer from California, has reportedly got a patent for processing of bitcoin transactions via text messages. According to the document released by the U.S Patent and Trademark Office, the technology represents the system of virtual accounts with two users being able to process transactions via mobile phones. 

Intuit registers crypto payment processing via text message

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09 August, 2018 18:01

9 bitcoin-ETF applications to get determination within 2 months →

The US Securities and Exchange Commission is about to make a final determination on nine bitcoin-ETFs within a 2-month period. As it was reported, the authority rescheduled the consideration of the application filed by SolidX and  VanEck this week. Specifically, in case of a positive decision, the companies will be able to list bitcoin-ETF on the CBOE.

9 bitcoin-ETF applications to get determination within 2 months
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