Port Salalah Joins Blockchain Platform TradeLens

Port of Salalah has joined the blockchain shipping platform TradeLens to improve its client experience, Cointelegraph reported Thursday.

The platform has been jointly developed by both Maersk and IBM as an open supply chain platform.  

The Port, which handles nearly 4 million containers each year, took this digital initiative to ensure transparent collaboration with other supply chain entities.

Mark Hardiman, chief executive officer of Port of Salalah, said, “Adopting and incorporating blockchain technology into all aspects of the supply chain will not only enhance the attractiveness of Salalah for these companies but also support the development of new business models that can further leverage the geographical location of Salalah.”

The platform allows shipping companies to share cargo information through its permissioned blockchain, to insure more transparency and efficiency.

Thomas Sproat, director of network development at Maersk GTD, said, “The addition of the Port of Salalah in Oman continues to enhance a strong ecosystem for TradeLens in the Middle East.”

“Integrating data with an important customer such as the port of Salalah is an important milestone for TradeLens and is a stepping stone for collaboration and will open up new ways of working across the supply chain ecosystem to increase efficiencies and visibility for those involved,” Sproat added.

Vietnam’s Cai Mep Terminal has recently joined TradeLens to promote the country’s foreign trade investment.

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Rabea Maguid 551 Articles
Rabea Maguid is a journalist completely obsessed with crypto industry. He holds B.A. from Al-Azhar University, and has a background in journalism and economics. Rabea Maguid likes to think about the future in a positive way, and sees blockchain as a potential driver of deep societal change.