Background Enterprise blockchain emerged as a promising technol - oi nggy bi ny 2I B0M0 9f oarn tdh ee vsoul vpepdl yi nc ht oa ian pi nu b2l 0i c1t6e. cUh nn toi ll ol ag syt owf feeer k- , Tinraadpeulebnliscwneatswthoerko.nly successful blockchain deployment By definition, blockchain is an inefficient database, but tphaer ti nmemr cuot al l ba ibl iot ryaot ifotnh. eMdai ge irtsakl ’ rs eggoi satl ewr ai ms spi rmo pv el es. tTr ha de i n g Cb eo tmwpeaennyowc eaannt esdh itpo pcerresa, tme au cSha bl iekre- lIiBk Me t sr taadritnegd pSlaabt froer m fporro abilrelmi n?e Obcoeoakni nsgh iwp ipt ihn Ag mc oemr ipc aa nn iAe si ral irneeas wi ni l1y9b6u0n. cThh e umnawr gi lilni nvgo tl ao tci loi tl yl a ibnotrhaet em. Tahr ke ettr aanr es abcat ri or ni e rf rse. q u e n c y a n d THhe iasdr oe af lBi tuys ii sn ee scsh oP el adt fionr tmh es aqtuAo .tPe. bMyoRl l oe tre- MmaHe resr ks h, “k o , TradeLens was founded on the bold vision to leap 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 collab- oration 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.”
Why Does This Matter? Terhseinantnhoreuenaceremaesn: t is meaningful for supply chain lead- • Maersk Is Unwilling to Fund a Network to Im- prove Supply Chain Effectiveness. As of December 2022, the market cap of Maersk was $37.46B. These results make Maersk the world›s 455th most valuable company. 2021 was a record year for Maersk in revenue at $48.2B, compared to $29.2B the prior year , wp ri ot hf i tEs BaItT$D2A4 Bt r iapnl di n ag fyreeaer c- oa vs he rf-l yoewa ro wf $i t1h5 rBe. cTohr ed jf ur ommp pi na nr ed ve emniuc essh di pupe i nt og raencdo rgdl ohbi ag lhs fur pe ipgl hy tcrhaat iens disruptions was unprecedented. Even after a record yf uena dr, aMpa oe tres nk tiisa lul yn wp ri lol mi n igs itno gs tf raeyi gwhi tt hb oTor akdi negl euntsi lai tnyd tooceimanpsrohvipepcionlglatbraodraintigonpaarntndefrrse.ight visibility across The announcement leaves brand owners (manu - facturers and retailers) in a dilemma of building innot ne er oepxei sr tasb ti loi dt ya yb. eMt wa ee resnk t irsa wd ianlgk innegt wa wo raky sf rwohme r e aa nn do pb pu oi l rdt ut hnei tsyotroe layunt oeme daet de snuept wp loyr ckhoafi nn evtiws i ob ri lki tsy bi negt wa se ei sno tl ahtee tde ec hn nt iot ileosg ys etrrvaidnign go nplayr tt hn ee irrs oowp enrcaut -s - tomers on fixed networks with no commitments tpoa ri mt nperros v. Ae si nat er er os up let r, ac bo iml i tpya bn ei et ws me euns tt ruasdei nmg u l t i p l e networks that do not interoperate. • IBM Public Admission of Failure. In the last de- cs ua dp ep, l yI BcMh a, ian s tyesct he nmo al ogggyr ec goamt opra, np iuersc, hi na cs leudd oi nv ge rt ht ee n
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