More than 50 ports and terminals across the region are already contributing data or are integrated with TradeLens;
In Brazil, cities like Manaus, Fortaleza, Salvador, Vitória and Rio de Janeiro are already working with the solution.
IBM recently announced that more than 50 ports and terminals from different countries in Latin America are working with TradeLens, a digital platform created by IBM and Maersk based on Blockchain. With five of the six largest global container shipping lines, representing more than half of global vessel capacity, TradeLens enables collaboration between trading partners, driving greater efficiencies and insights across the global trade chain by digitizing trade documentation flows. .
According to the Inter-American Development Bank (IDB), around 90% of world trade has a port as its origin and destination. The Economic Commission for Latin America and the Caribbean (ECLAC) indicates that, in 2018, the activity of the main container ports in Latin America exceeded 53 million TEUs, measured to calculate the volume of containers and unit equivalent to 20 feet, reaching nearly 10% of world production.
"In the last decades, the region has experienced an advance in the operation of its ports, increasing operational efficiency by more than 20%. However, we are still far from more advanced countries", says Natalia de Greiff, vice president of Cloud and Cognitive Software of IBM Latin America. "We are bringing TradeLens to our region to continue this growth path, using IBM Blockchain on IBM Cloud to position Latin America in the world's big trade leagues."
TradeLens' objective is to reinvent the entire trade chain, linking exporters, shipping lines, port and terminal operators, land transport and customs authorities, through real-time access to data submission documents, which brings more operational efficiency and real-time event analysis. Currently, TradeLens processes around 10 million events per week.
"Participating in the entire supply chain ecosystem is demonstrating the true value of the TradeLens digital platform. We have a solid foundation to develop, for example, ground transportation providers, freight forwarders, customs and other government entities to join the ecosystem and explore the benefits of digitizing Latin America's trade flows," comments Lars. O. Nielsen, President of Maersk Latin America and the Caribbean.
Joint collaboration model to maximize regional adoption
The Zárate Terminal, the first private port in Argentina with more than 2 million m2 of surface, forms a port complex with high productivity technology and equipment for container operation, has already joined TradeLens to generate greater agility, transparency and speed in access to information, in addition to generating insights on the data obtained for all maritime transport that passes through the port.
At the Port of Santos, one of the largest port complexes in Latin America, responsible for handling the cargo of a third of the Brazilian commercial exchanges, the first partner, Santos Brasil, joined TradeLens to generate insights into the more than 1.6 million TEUs that its terminal 'Tecon Santos' should operate in 2019.
already in Terminal Pacific Sur Valparaiso, Chile's leading container terminal, uses TradeLens to improve traditional paper-based processes. In this sense, terminal operators use it to obtain visible, short-term capacity of data in a secure and fast way.
"Our work with TradeLens and other companies in the global commerce ecosystem such as terminals, government entities, ground transportation companies, among others, has shown that Blockchain is being used to form a strong and connected network, in which all members gain at the same time. share important data. Together, we can transform the way commerce is carried out across the region," says Martín Hagelstrom, Blockchain Executive at IBM Latin America.
For a complete list of ports and terminals that are using the solution, visit the page www.tradelens.com/ecosystem.
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