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ARTICLE · 17 FEBRUARY 2020

Supply Chain Blockchain Initiative Receives Federal Antitrust Exemption

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TradeLens – a blockchain based shipping consortium – received an important antitrust exemption last week from the Federal Maritime Commission.

United StatesTechnology
Jeffrey Neuburger
Jeffrey Neuburger
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TradeLens – a blockchain based shipping consortium – received an important antitrust exemption last week from the Federal Maritime Commission. The exemption allows five major container line shipping companies within the TradeLens consortium to cooperate in providing data for use on the TradeLens platform. The platform was developed by IBM and Maersk GTD. Generally speaking, the TradeLens platform offers APIs for digital communication of supply chain event data and allows for sharing of documents with permissioned parties in the supply chain, with the intent of lowering costs associated with documentation and bureaucracy. The associated Cooperative Working Agreement (the "Agreement"), which became effective on February 6, 2020 when the deadline for the Federal Maritime Commission to reject the Agreement passed without incident, enables the various container line parties that are signatories to the Agreement to exchange information related to supply chain events and

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