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Agility adopts Maersk-IBM blockchain solution

BAAR, Switzerland: February 06, 2018. Agility has become the first freight forwarder to collaborate on a Maersk-IBM blockchain-based solution to enable more efficient and secure methods of conducting global trade.

Agility Logistics KuwaitThe logistics company has agreed to use the technology to identify events associated with individual shipments and to share and receive information about them with shippers, carriers, freight forwarders and others in the supply chain.

"Blockchain technology is going to make shipping cheaper, safer and more reliable. As early adopters, companies like Agility can help Maersk and IBM understand the needs of shippers and develop standards that will make trade more efficient," said Essa Al-Saleh, CEO of Agility Global Integrated Logistics. "We can help customers understand how to use blockchain to improve shipment visibility, eliminate paperwork, reduce errors, and shorten transit and clearance times."

Agility describes blockchain as a secure, "immutable and tamper-resistant ledger" that can be used to track shipments, documentation and payment transactions.

In addition to showing the location of containers in transit, blockchain can show the status of Customs documents, bills of lading and other trade data. As a result, claims IBM, it can improve workflow, cut processing costs and enhance visibility by integrating shipping processes as well as partners.

Customs and border authorities can also use the technology to improve information available for risk analysis as well as greater efficiency in border inspection and clearance.

"For Agility, it's important to be involved early in blockchain and to work with forward-thinking companies like Maersk and IBM," Al-Saleh added. "Together, we have a lot to learn and share in order to bring the benefits of this technology to shippers and consumers as quickly as possible."

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