Danish shipping companies maerskand IBM, failing blockchainbased supply chain TradeLensdecided to close.
On a global scale, blockchain adoption and use is increasing. Technology, which offers more useful, fast and cheap job opportunities, has entered the radar of corporate companies. Banks, especially the architects of general finance, blockchain focused on researching and using technology. Technology, which is also the building block of cryptocurrencies, is seen at the beginning of the road. In the middle of all these processes, DenmarkA move had come from two shipping companies based in the US. maerskand IBM has run its blockchain-based service with high hopes. However, the companies stated that the services ended after five years.
Blockchain-Based Supply Chain Says Goodbye
Denmarkbased maerskand IBMfounded by TradeLens appeared in 2018 to facilitate trade. Aiming to establish a more efficient and easy trade network, the platform did not survive after five years.
Companies have come up with a business idea that is feasible and logical in theory. However, this idea failed to sustain global cooperation and did not receive enough attention. BlockchainThe platform, which serves as a transportation solution with its features, will end in the first quarter of 2023.
maerskhead of business platforms Rotem Hershko, TradeLensHe stated that the company did not reach the level of commercial viability required to continue working and meet financial expectations.
