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Spanish Port Authority Joins Blockchain Platform Developed by IBM and Maersk

Published 2019-01-21, 06:51 p/m
Updated 2019-01-21, 08:36 p/m
Spanish Port Authority Joins Blockchain Platform Developed by IBM and Maersk

The Port Authority of the Bay of Algeciras (APBA) has signed an agreement under which it will collaborate with IBM (NYSE:IBM) on its shipping platform Tradelens, Europa News reported on Jan. 21. Tradelens is a digital platform based on blockchain technology developed by both IBM and international shipping giant Maersk.

Algeciras is one of the top 10 busiest ports in Europe, hosting over 70 million tons of cargo traffic annually. In 2017, the port had a container throughput of 4.3 million containers.

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