The largest port in the Middle Eastern nation of Oman has partnered with TradeLens, a blockchain supply chain platform founded by IBM and Maersk, according to local paper Times of Oman.
Mark Hardiman, the CEO of Port of Salalah, stated in the article, “Joining TradeLens is an important step forward for Port of Salalah in supporting the modernizing of the trade ecosystem. Logistics has been identified as one of the key pillars for economic diversification for the Sultanate of Oman. Adopting and incorporating blockchain technology into all aspects of the supply chain will not only enhance the attractiveness of Salalah for these companies but also support the development of new business models that can further leverage the geographical location of Salalah.”
The platform enables companies along the shipping supply chain to share data on cargoes in real time over its permissioned blockchain, ultimately aiming to bring improved transparency and efficiency to int
