IBM and Maersk struggle to sign up partners for its blockchain supply chain product

A little over 10 months ago, IBM and Maersk partnered to launch TradeLens, a platform leveraging blockchain to digitize and track products across their supply chain lifecycle. TradeLens launched with 94 early partners which included banks, ports, and logistics companies. However, CoinDesk is now reporting that TradeLens was unable to entice shipping carriers to use its solutions. According to Marvin Erdly, head of TradeLens, "we do need to get the other carriers on the platform. Without that network, we don't have a product. That is the reality of the situation." Some of the world's largest shipping carriers have publicly dismissed TradeLens, believing that the platform gives IBM and Maersk too much control over their supply chain operations. (Source: CoinDesk)

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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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