LSP modernizing customers’ supply chains by offering secure digital documentation
GatewayRail, India’s leading intermodal logistics service provider and rail-linked Inland Container Depots (ICD) operator, has become the first rail operator in India to join TradeLens, a blockchain-underpinned digital logistics platform, jointly developed by AP Moller–Maersk and IBM.
The association between GatewayRail and TradeLens is a major milestone in digitizing India’s vast inland container logistics ecosystem with a significant impact on efficiency gained by exporters and importers.
TradeLens brings together data from the entire global supply chain ecosystem. This data allows TradeLens and its network partners to modernize manual and paper-based documents by replacing them with blockchain-enabled digital solutions.
It also allows the network partners to provide their customers with deeper visibility into the entire journey for their cargo from origin to destination.
Customers moving import and export containers on these services will be able to make full use of the solutions provided on the TradeLens platform such as the TradeLens eBL, an electronic Bill of Lading using blockchain technology and integrated with trade finance companies and the Core product that offers true end-to-end visibility in addition to digital documentation.
“At GatewayRail, we have a commitment towards ease of doing business through digitisation of logistics. Joining the TradeLens platform allows us to lead the change in Indian intermodal logistics ecosystem,” remarked Sachin Bhanushali, CEO and Director, Gateway Rail Freight Ltd.
“There is no doubt that digitizing supply chains will ultimately help in bringing down the total cost of logistics, which is an important cornerstone of the National Logistics Policy,” commented Bimal Kanal, Head of TradeLens, South Asia.