|TradeLense specifically has been rolled out as a soft launch already as of summer 2018, with a full launch expected at the end of the year. If Maersk can prove the product as viable, with some arguing they already have, they will be a world leader in a marketable Blockchain powered product.
Maersk is aiming for this system to be the worldwide standard, pushing for an open and transparent system where anyone can build on their platform. The system is already being used in more than 20 ports worldwide including PSA Singapore, Hong Kong, Halifax et al.
As of Thursday, Oct. 25 the Canada Border Services Agency (CBSA) have announced they are investigating the platform saying they will “determine what role the platform could play in its business processes”.
“TradeLens could create a singular, trusted digital supply chain for all shipments entering Canada. The TradeLens pilot gives us an opportunity to not only find process efficiencies and gain analytical insights, but improve data providence, accuracy and targeting capabilities,” CBSA president John Ossowski said.
Furthermore he added“The end result may be a faster and more reliable national supply chain, which could positively impact Canada’s economic output.”
So, it is conceivable to think that in the coming years, the shipping industry could become a leader in technological innovation once again.