IBM, Maersk Partner on Blockchain Platform

Maersk and IBM will form a joint venture to "provide more efficient and secure methods for conducting global trade using blockchain technology," blogged the venture's CEO-designate Michael White Tuesday. The new company will work to develop a platform to "provide end-to-end supply chain visibility that enables all actors involved in a global shipping transaction to securely and seamlessly exchange shipment events in real time," it said of the technology also undergirding virtual currencies: The platform also will "digitize and automate paperwork filings for the import and export of goods by enabling end users to securely submit, stamp and approve documents across national and organizational boundaries." Customs and Border Protection, also working on blockchain (see 1708250025), and DuPont are among those that have piloted the platform, wrote White.