CALGARY, Alberta – Canadian Pacific has joined TradeLens, a blockchain-based platform that enables secure transfer of container-shipping documents.
This open-API platform will help CP intermodal shippers create, amend and share documents with other supply chain participants, including consignees, beneficial cargo owners, customs agencies, dray operators and steamship lines.
“CP is pleased to join TradeLens as part of its efforts to improve the customer experience through technological innovation,” said CP vice-president and CIO Mike Redeker.
“Global shipping is a profoundly complex business and TradeLens is improving the information-sharing processes that support the industry. CP is always innovating for the benefit of its customers, and joining TradeLens is an example of that innovation.”
TradeLens was developed by IBM and A.P. Moller-Maersk specifically for use in the container-shipping industry. Launched in 2018, it currently handles more than 700 million events and six million documents annually. The system integrates with users’ in-house systems via non-proprietary, publicly available APIs designed for ease of setup and use.
CSX was the first North American railway to join the program, in November 2019.