Maersk starts the pilot project for the implementation of the digital platform TradeLens (Tradelens.com) in test operation to serve international sea transportation in the Big Port of Saint Petersburg.
The blockchain enabled platform, jointly developed by Maersk and IBM, is expected to significantly facilitate international trade, not least by the inclusion of the Port of St. Petersburg, Russia’s main container gateway, as part of the pilot launch.
The Memorandum of Understanding and the Agreement, signed by the participants of the pilot project on 5 June, 2019 at the Admiral Makarov State University of Maritime and Inland Shipping, enables the implementation of TradeLens on the Russian market with the aim of introducing digital documentation flow in what is currently mostly paper-based transportation processes.
The parties to the MoU are the Ministry of Transport of the Russian Federation, A.P. Moller-Maersk Group of companies and the Morsviazsputnik Federal State Unitary Enterprise. The Agreement on participation in the pilot project is signed between Maersk, MODUL Transport and Forwarding Company, Global Ports and Ultramar companies.