All Aboard! Major Shipping Lines Secure Antitrust Immunity for TradeLens Blockchain Agreement
In this article, the authors explore a recent development relating to the blockchain platform called “TradeLens,” which leverages the shipping industry’s unique antitrust exemption to create standardized blockchain tools for a number of major carriers.
An important milestone for the implementation of blockchain technology in the container shipping sector took place earlier this year, as the Federal Maritime Commission (“FMC”) completed its review of an agreement among five major carriers to collaborate on a new blockchain platform called “TradeLens,” which aims to modernize the international logistics arena. Blockchain itself has already received considerable attention in other commercial areas (particularly digital currencies).
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“All Aboard! Major Shipping Lines Secure Antitrust Immunity for TradeLens Blockchain Agreement,” by Jeremy A. Herschaft and Matthew J. Thomas was published in the September–October 2020 edition of RAIL: The Journal of Robotics, Artificial Intelligence & Law (Vol. 3, No. 5), a Fastcase, Inc. publication. Reprinted with permission.
This article was first published in the March 2020 edition of Mainbrace, Blank Rome’s quarterly maritime newsletter.