News / Fate of TradeLens data in the ether as Maersk ditches blockchain platform

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Maersk is to abandon its pioneering, but divisive, foray into blockchain, TradeLens, having failed to garner sufficient commercial interest to cover its costs.

But questions remain as to what will happen to the data from the platform.

“The intent is that the platform will go offline by end of quarter one, 2023,” Maersk said.

In its time, TradeLens, launched with IBM, entered into agreements with various shipping big-hitters like Hapag-Lloyd, ONE, CMA CGM and MSC, which signed-up as ‘trust anchors’, or ‘foundation ...