16 Aug '17, 7pm

Singapore shipping giants sign deal with IBM on blockchain supply chain trial

Singapore shipping giants sign deal with IBM on blockchain supply chain trial

Extending its efforts to bring distributed-ledger technology to shipping industries, IBM Corp. announced Tuesday a trial blockchain network in Singapore for supply chain management. The trial is with Singapore-based shipping company Pacific International Lines Pte Ltd. and port operator PSA International Pte Ltd. Pacific International Lines is ranked 12th among the top container ship operators in the world and owns a fleet of 161 vessels that focus on shipping between Asia-Africa and the Middle East, with some ports of call on the U.S. west coast. PSA International is among the world’s largest ports, with 190,000 containers moved daily. Under the deal, IBM’s Singapore division will work with PIL and PSA to develop a trial blockchain network that will streamline supply-chain tracking and management between the companies to keep track of all the ships and containers. The net...

Full article: https://siliconangle.com/blog/2017/08/16/singapore-shippi...

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