Global trade management and freight forwarding provider, Livingston Blockchain, confirmed this week its position as the first customs broker to implement the TradeLens pilot for brokerage automation. The blockchain-enabled digital shipping solution aims to provide solutions for trade roadblocks such as delayed transit times, risk factors, and fraud.
“The most important aspect of the platform is the ecosystem – building trust to enable collaboration with one another through a model that benefits everyone. Livingston’s participation in this initiative allows us to analyze the impact of blockchain on the logistics process by bringing in the role of customs administration, which involves the submission, examination and storage of reams of data on a daily basis,” said Peter Patterson, IBM Canada -Blockchain Leader.
Developed by A.P. Moller – Maersk and IBM, the initiative aims to create an efficient and secure trade environment. Livingston’s participation in the TradeLens pilot will consist of sensitive information on shipments while streamlining internal operations – all without added risks.
“We have always prided ourselves on being a forward-thinking customs broker and trade-services provider,” said Craig Conway, Chief Technology Officer, Livingston International. “We are excited to work with Maersk, IBM, CBSA and other members of the TradeLens ecosystem on an initiative we believe will serve our industry well and provide transparency and security in the global movement of goods.”
“As a leader in customs brokerage services, Livingston is now positioned to pioneer the use of blockchain technology and shape its impact to shippers around the world,” said Mike White, CEO of Maersk Global Trade Digitization and head of TradeLens.