The Port Authority of the Bay of Algeciras (APBA), a commercial, fishing and passenger portlocated in Andalusia, Spain, has partnered with IBM in order to use the New York-based tech firm’s blockchain-based shipping platform, Tradelens. According to Europa News, the Tradelens platform will allow APBA to more efficiently and securely manage its supply chain data, while also helping it maintain an accurate record of business transactions. As mentioned in the announcement, the Tradelens data management system will allow all supply chain participants including freight forwarders, individual shippers, shipping firms, and logistics operators to conduct transactions in a more cost-effective manner.
