Cái Mép International Terminal (CMIT), located in Ho Chi Minh City, Vietnam, announced on Dec. 19, that it had joined the TradeLens blockchain platform.
CMIT is one of the largest terminals in the Cái Mép-Thị Vải deep-water gateway port complex, providing a direct link from Vietnam to European, North American and Asian markets. CMIT general director, Jan Bandstra said that the decision to join the blockchain-based program was driven by customer demand for instant shipping data.
The TradeLens platform is quickly becoming the industry standard in the global shipping industry. Developed in partnership by IBM and Maersk, the open and neutral blockchain-based platform aims to streamline labyrinthine supply chains.
It is now supported by over 100 diverse organizations within the industry, recently adding Global Container Terminals, a North American container terminal operator, and the Thai customs authority to its client base.