Blockchain-based supply chain platform canned by IBM and Maersk

Cointelegraph

Published Nov 30, 2022 12:57AM ET

Updated Nov 30, 2022 09:00AM ET

United States technology company IBM (NYSE:IBM) and Danish logistics firm Maersk have decided to discontinue their co-developed blockchain-backed supply chain platform, TradeLens, citing a lack of “global industry collaboration” as a key reason behind the decision.

Maersk stated on Nov. 29 that it has begun taking immediate action to cease operations on the platform, which should take full effect by Q1 2023:

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