Maersk and IBM launch blockchain platform in Russia

St. Petersburg – Maersk and IBM launch in Russia a new digital platform, enabled by Blockchain and jointly developed by the two companies. As part of the agreement with Russian authorities, St. Petersburg area becomes the pilot for the launch. On 5th June, representatives of Maersk and of the Russian Ministry of Transport have signed a memorandum of understanding to enable the launch of the technology.

The platform is expected to significantly facilitate international trade, not least by the inclusion of the Port of St. Petersburg, Russia’s main container gateway. The agreement, signed by Maersk ceo Søren Skou and Yuriy Tsvetkov, Deputy Transport Minister and Head of Federal Maritime and River transport Agency, enables the implementation of the technology on the Russian market with the aim of introducing digital documentation flow in what is currently mostly paper-based transportation processes.

With this, the benefits of the platform will soon be extended to many businesses. “The main result of the implementation of TradeLens, according to our expectations, should be an increase in the transparency of the contracting procedure by distributing information about supply and demand, conditions and operations between many participants of the transport and logistics processes,” said Yuriy Tsvetkov at the signing ceremony.

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