The Closing of Trade Lens, what will happen? And what does it mean for the transportation and logistics industry?

Trade Lens is a digital logistics platform owned by the Maersk shipping company based on the blockchain, but this year it has closed its doors and will stop operating.

This is news that has caused an impact in the Transport and Logistics industry, since it had been considered one of the leading platforms within the industry, however, since its closure, other similar platforms have begun to come to light. What were the reasons for the closure of Trade Lens? In a CEO Statement, he argued that the closure was due to a reorganization of digital solutions, which makes us think that he could return in the future, but now with a broader strategy to streamline his operations and reduce costs. What does this mean for the logistics industry? Given that it was one of the first platforms to use blockchain technology to improve efficiency and transparency in logistics processes, especially with maritime transport, the famous Smart Contracts could have a longer time to close, in addition to losing a platform that streamlines processes. What would be the alternatives? There are other alternatives to streamline logistics processes digitally. One of them is to use the digital logistics platform (IBM), which is also used with the blockchain mode and belongs to the partner that Maersk had for the Trade Lens project. Another of the alternatives are startups (Platforms that are still in embryonic processes) but that can become one of the most important or they can fail, but only the one with the most technology and benefits will be the one that will stand out from all the others.