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Home » News » Freeport introduces cutting-edge blockchain technology – Tradelens

Freeport introduces cutting-edge blockchain technology – Tradelens

Malta Freeport Terminals has joined the global TradeLens blockchain supply chain platform, heralding a new digital era for the terminal.  Developed by A.P. Moller – Maersk and IBM, TradeLens is an open platform bringing together all parties in the supply chain and providing seamless, secure sharing of real-time, actionable information and collaboration. 

CMA CGM and MSC have also recently completed TradeLens integration and  together with Maersk, will act as platform foundation carriers with a role in expanding the ecosystem and platform operations. Other carriers that have joined the TradeLens platform to-date are Alianca, Hamburg-Sud, Seaboard, Safmarine, Sealand, SPIL and ZIM.

Malta Freeport can now safely integrate data with partners including carriers, ports, terminals operators and other stakeholders – boosting the terminal’s capability to deliver a state-of-the-art service, reducing the cost of connecting partners, and optimising vessel and truck service times.

Malta Freeport CEO Alex Montebello said: “We are very proud to introduce this technology which forms part of a strategic investment programme aimed at making Malta Freeport one of the most technologically-advanced and efficient ports in the Mediterranean.”

Malta Freeport believes this blockchain platform has enormous capacity to incentivise the industry to digitalise the supply chain and enhance collaboration. The enhanced level of visibility and efficiency will ultimately benefit the entire industry as all participants can derive value from shared, secured and trusted blockchain data to develop stronger collaborations.

Tradelens is the latest innovation at Malta Freeport, which constantly strives to invest in cutting-edge technology to stay ahead of the curve.