By early 2023, IBM and Maersk will shut down TradeLens, their five-year effort to integrate supply chains on a hybrid blockchain and enhance global commerce. TradeLens – A Significant Initiative The “business blockchain” age of 2018 saw the emergence of TradeLens, a significant initiative to improve inter-corporate trading. Its participants, who included shipping and freight companies, could verify the transaction of goods as it appeared on an open digital ledger. The purpose of integrating their universe was to reduce costs for member-shipping businesses. However, the strength of the network depended on how many people were using it. Despite some early The post IBM and Maersk to Shut Down TradeLens Logistics Blockchain appeared first on Cryptoknowmics-Crypto News and Media Platform .
