Maesrk & IBM shutting down blockchain shipping platform

S

Specterx

Prolly nothing...

https://www.maersk.com/news/articles/2022/11/29/maersk-and-ibm-to-discontinue-tradelens

Copenhagen - A.P. Moller - Maersk (Maersk) and IBM today announced the decision to withdraw the TradeLens offerings and discontinue the platform.

TradeLens was founded on the bold vision to make a leap in global supply chain digitization as an open and neutral industry platform. Unfortunately, while we successfully developed a viable platform, the need for full global industry collaboration has not been achieved. As a result, TradeLens has not reached the level of commercial viability necessary to continue work and meet the financial expectations as an independent business.

Rotem Hershko
Head of Business Platforms at A.P. Moller - Maersk
​
Looks like those who were skeptical that BLOCKCHAIN!!! had any real-world value-add for industries like shipping are being proven right by the marketplace.
 
if this took off do you realize how many people/companies would be gone. inefficiency can be lucrative so keep it going as long as you can...remember pit traders
 
Many "blockchain" companies have folded

Bitcoiners have been saying that blockchain is very valuable for decentralization but outside of that usage, blockchain is a very slow database

This is a big fail for nocoiners who keep saying blockchain has value but not Bitcoin or cryptos
 
Specterx said:
Prolly nothing...

https://www.maersk.com/news/articles/2022/11/29/maersk-and-ibm-to-discontinue-tradelens

Copenhagen - A.P. Moller - Maersk (Maersk) and IBM today announced the decision to withdraw the TradeLens offerings and discontinue the platform.

TradeLens was founded on the bold vision to make a leap in global supply chain digitization as an open and neutral industry platform. Unfortunately, while we successfully developed a viable platform, the need for full global industry collaboration has not been achieved. As a result, TradeLens has not reached the level of commercial viability necessary to continue work and meet the financial expectations as an independent business.

Rotem Hershko
Head of Business Platforms at A.P. Moller - Maersk
​
Looks like those who were skeptical that BLOCKCHAIN!!! had any real-world value-add for industries like shipping are being proven right by the marketplace.
More...
The discontinuation of TradeLens has nothing to do with the success or failure of blockchain technology. The discontinued it because they couldn't get all the various players in the supply chain to embrace the platform.

So in sports terms, if they can't persuade the basketball players and referees to get on the court at the same time, then there's no game. Might as well just fold up and go home.
 
Baron said:
The discontinuation of TradeLens has nothing to do with the success or failure of blockchain technology. The discontinued it because they couldn't get all the various players in the supply chain to embrace the platform.

So in sports terms, if they can't persuade the basketball players and referees to get on the court at the same time, then there's no game. Might as well just fold up and go home.
More...

This is a red herring. It was clear from my post that I was referring to the economic, social, or business applications of blockchain tech, not whether it "works" in a technical sense.

It's easy to forget that less than 2 years ago, blockchain was being touted as a ground-breaking revolutionary tech like the Internet which would disrupt countless industries, and if you didn't buy BTC/ETH/shitcoin-of-choice right now then you'd miss out on the next big wave of wealth creation and have fun staying poor. The savvier pushers who realized that this narrative had to rest on something more than oddball libertarian ideology, or even 'non-fungible' links to Jpgs, were very eager to point to the announcement of products like TradeLens as evidence that the tsunami of "institutional adoption" was approaching shore, and that the crypto industry might soon develop sources of revenue - actual value-add - beyond scams and table rakes.

Plenty of us disputed this and said that 11 years after blockchain was developed, nobody had identified an actual use for it outside the crypto casino. Now we're at 13 years.
 
Specterx said:
This is a red herring. It was clear from my post that I was referring to the economic, social, or business applications of blockchain tech, not whether it "works" in a technical sense.
More...
Sorry, if that's what you were referring to then let me rephrase my reply then:

The discontinuation of TradeLens doesn't mean there wasn't an application for blockchain technology in that industry. They discontinued it because they couldn't get all the various players in the supply chain to embrace the platform. It's not a blockchain application problem. It's a sales problem. Trying to convince a single exporter to get on the platform is one thing. Trying to convince every global exporter, importer, and transport partner in the supply chain to get on the platform so it's shared and usable for everyone is a massive undertaking and they couldn't pull it off. It's got absolutely nothing to do with there not being a business application for blockchain tech.
 
Looks like those who were skeptical that BLOCKCHAIN!!! had any real-world value-add for industries like shipping are being proven right by the marketplace.
More...

I agree 100%.

And while on that note, just look at all these FAILED car models! Once again, proving that after all this time, there is no real-world value-add for automotive industries.

image.png
 
https://www.telegraph.co.uk/busines...y-specialists-jet-bahamas-battle-control-ftx/
Separately, the European Central Bank (ECB) launched an attack on Bitcoin. It said the apparent stabilisation of Bitcoin's value "is likely to be an artificially induced last gasp before the crypto-asset embarks on a road to irrelevance".

The digital currency is "not suitable as an investment" according to the article by Ulrich Bindseil, director general of the ECB's market operations, and advisor Jürgen Schaaf. He warned that Bitcoin's market valuation is "based purely on speculation" and warned that "regulation can be misunderstood as approval".
 
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