IBM-Maersk Blockchain Project Adds Logistics Provider Agility

Agility, a global third-party logistics provider, has joined IBM and Maersk’s blockchain collaboration, the companies announced Tuesday.

As previously reported by CoinDesk, IBM and Maersk revealed their global trade digitization platform, built on the Hyperledger Fabric 1.0 blockchain, in January. DuPont, Dow Chemical, Tetra Pak, the U.S. Customs and Border Protection and others piloted an early version of the project.

The latest participant, Agility will share and receive information about individual shipment events through the blockchain in hopes of reducing the massive cost of administration and documentation – which reportedly accounts for one-fifth of the world’s total $1.8 trillion annual shipping costs.

Source: CoinDesk