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Platform for blockchain-based supply chains TradeLens scuttles at IBM and Maersk



IBM, Maersk scuttle blockchain

IBM and Maersk will shut down TradeLens by the first quarter of next year, after the blockchain-based supply chain service failed to attract enough users to be commercially viable.

Four years after IBM and Maersk first introduced TradeLens, the companies have announced that they will withdraw TradeLens offerings and discontinue the blockchain-based supply chain platform.


The platform will go offline at the end of Q1 2023. Apparently the platform did not attract enough users to be commercially viable.


“The need for full global industry collaboration has not been met,” said Rotem Hershko, head of trading platforms at A.P. Moller – Maersk, in a statement posted on the Maersk website. “TradeLens has not reached the level of commercial viability necessary to continue to operate and meet financial expectations as an independent company.”


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Launched in 2018 and co-developed by IBM and GTD Solution, a division of Maersk, TradeLens aimed to digitize and simplify global supply chains through an electronic shipping ledger that records the details of cargo shipments as they depart. origin, arrive at ports and are shipped abroad. and eventually received.

Where the shipping industry’s traditional style of information exchange relied on outdated electronic data interchange (EDI) systems, email, fax, or courier service, TradeLens enabled all parties involved in the supply chain to view shipping information. tracking, such as shipment arrival times and documents such as customs. communications, commercial invoices and bills of lading in near real time through your authorized blockchain ledger.

During its short lifespan, the project built a network of more than 300 members, including ocean carriers, terminals, inland warehouses, customs authorities, and intermodal providers.

Despite the platform shutdown, the statement on Maersk’s website claims that the company will “continue its efforts to digitize the supply chain,” increasing industry innovation to reduce trade friction and promote more global commerce. .

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“We will use the work of TradeLens as a springboard to further drive our digitization agenda and look forward to harnessing the energy and ability of our tech talent in new ways,” Hershko said.

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The automotive industry in UAE is one of the biggest sources of the country’s economic growth. It is currently the second largest automotive aftermarket in the Gulf Cooperation Council (GCC), and the sector plays a critical part in the economy as the country looks ahead. In fact, according to some reports, the GCC automotive market is expected to grow at a Compound Annual Growth Rate (CAGR) of almost 4.5% between 2019 and 2024, driven by strong macroeconomic factors such as rising disposable incomes, population increase, and urbanization.

The UAE government has prioritized developing the country’s automotive industry to tap into this regional growth. As Dubai enters a new development phase, it is also anticipated to become the region’s main automotive hub, expanding through exports and re-exports of vehicles in the Middle East.

In addition to supporting the country’s economic growth, this expansion of the automotive sector is also expected to create new jobs and opportunities for UAE residents. With its strong fundamentals and government support, the UAE’s automotive industry is well-positioned for continued growth in the years ahead.

Let’s look at the current UAE automotive aftermarket and the opportunities available for businesses looking to enter this industry

The Recovery Of The Automotive Aftermarket In The UAE

The automotive market in the UAE is one of the most vibrant and rapidly growing in the world. In recent years, car sales have been on the rise, with a significant increase in both the sum of vehicles sold and the profits generated by car sales. The current statistics are indicative of the sector’s massive market potential.

After dipping in 2020 during the COVID pandemic, the automotive market has shown signs of recovery with profitable sales across the board. Passenger car sales revenue is recorded upto $5.8 billion from August to September 2021. During that period, buyer interest even exceeded pre-COVID-19 numbers. The current statistics are evidence of the immense potential of the automotive market in the UAE and underscore the need for continued investment in this sector.

Automotive aftermarket distributors and manufacturers found it difficult to keep up with the demand, which will benefit the automotive market growth in UAE this year as they try to address the backlog. Luxury car brands became highly desirable, with prospective buyers paying premiums to ensure they get their units early.

The Demand For Cars In UAE Market

Large SUVs have long been the favored choice for families, thanks to their spacious interiors and rugged exterior design. However, there has been a shift in recent years from gas-guzzling SUVs in favor of more fuel-efficient options.

This is especially true in the United Arab Emirates, where hybrid and electric vehicles are becoming increasingly popular. New car sales are anticipated to increase by up to 30% in upcoming years as more auto brands are introduced to the market and production and shipments get up to speed with consumer demands.

The Used Car Market In Dubai

The Used Car Market also saw unprecedented growth, with many buyers opting for pre-owned models to save money. As a result of the strong demand, prices for both new and used cars are expected to continue to rise in upcoming years. This is good news for dealerships and manufacturers, but it may put some buyers on the sidelines. Those looking to purchase a car this year should act quickly to get the best selection and pricing.

Opportunities For Businesses In UAE Automotive Aftermarket

The automotive industry is booming in the UAE, and there are plenty of opportunities for both petroleum-powered and electric vehicles. The market for cars and components is large enough for everyone, and the city of Dubai is the perfect hub for the automotive trade. Global interest in Dubai will only increase, and companies looking to set up shop in the city will find the market ripe with opportunity.

Why Dubai?

Dubai’s location makes it a strategic choice for businesses in the automotive industry. It is situated near the Jebel Ali Port and Al Maktoum International Airport. It also benefits from recent infrastructure updates, which make it easy to get to and from the city.

The Dubai Industrial City is home to several businesses in the automotive industry, and the government provides support that helps them connect with the world’s biggest markets. This support includes initiatives such as providing training and development opportunities for employees, as well as access to the latest technology. As a result, Dubai is an increasingly attractive option for businesses in the automotive aftermarket.

The Role Of Digitalization

The country’s population is becoming more connected than ever, and this is having an impact on the way businesses operate. Automotive suppliers and industry players increasingly rely on digital platforms to reach consumers and conduct business. This trend is set to linger for a long time, and the outlook for the automotive industry in the UAE remains positive.

In A Nutshell

UAE automotive aftermarket offers wealthy opportunities to those willing to embrace and seize change.

If you are looking for Automotive aftermarket distributors in UAE, you may contact CTC – a member of Al Rostamani Company. 

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Why Study MBA in UK from India?

Top organizations greatly respect the Master of Business Administration (MBA), a distinguished postgraduate degree that offers an overview of important business techniques. While MBA in UK are at the same academic level as other Masters programmes, they are typically pursued after a few years of work experience rather than immediately following an undergraduate degree.




Why Study MBA in UK from India

Study MBA in UK

Top organizations greatly respect the Master of Business Administration (MBA), a distinguished postgraduate degree that offers an overview of important business techniques. While MBA in UK are at the same academic level as other Masters programmes, they are typically pursued after a few years of work experience rather than immediately following an undergraduate degree.

MBA in UK from India

All of the most important international league tables acknowledge that the UK is home to some of the greatest MBA Programs in the world. The United Kingdom, a well-known global leader in high-quality educational initiatives, is the second most popular study destination after the United States. Four of the top ten colleges in the world are in the top 100 colleges in the United Kingdom, which gives the nation’s educational system a positive international reputation.

IELTS Requirement for MBA in UK

Candidates from abroad must have an IELTS score of 6.5. (With no less than 5.5 in component). We’ll take into account any additional English language needs. The most well-known exam is IELTS, though, and you have a wide range of teaching options at your disposal, including IELTS coaching in Noida from Meridean Overseas Education Consultants.

Why Study MBA in UK?

According to study in UK consultants, a business degree from a UK university gives students insight into the organization, management, and operations of an organization. It is one of the most well-liked degrees in the entire world. Students are exposed to a variety of business-related topics, including marketing, finances, human resources, and administration.

Advantages of Study MBA in UK

  • You can earn a degree that is respected worldwide.
  • Business-related undergraduate, graduate, postgraduate, and research programmes are available in UK universities.
  • The MBA is one of the most sought-after business degrees or MBA in UK for Indian students and is offered by several of the leading colleges there.
  • In addition to academic studies, business courses at UK universities emphasise case studies and practical experience because they help students comprehend the concepts much more thoroughly.
  • A business degree from a UK university broadens the students’ alternatives for employment and raises their likelihood of financial success.
  • Many educational institutions require an internship programme as a component of the school curriculum.


The MBAs are studied after a few years of professional experience rather than immediately after earning your undergraduate degree because they are at the same educational level as other Masters programmes. Therefore, select your MBA in UK courses to earn a master’s degree situated in the UK this year.

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Get Assignment Help Support from Experts to Complete the Academic Assignment




assignment help

Assignment writing is an important task at each academic level. Students are assigned numerous assignments whether they study in school or college. Each academic assignment comes with specific guidelines provided by the teachers or professors. They need to invest lots of time in research and gathering relevant information on the assignment topic. They should have good skills in writing and solving problems in the subject. But, due to the lack of such things students face problems to write the assignment.  

However, students seek guidance from experts of assignment help service. They have good knowledge to draft assignments as per the student’s requirements. Professional experts provide the top-quality assignment to students. It helps students to submit well-written assignments within the scheduled time and score excellent grades.          


How do Professional Experts Prepare The Assignment Of Students? 

When you get assignment help from professional experts, they will assist students by following the given steps:  

Read the Assignment Instruction Filled By Students  

In the first step, experts of the service read the instruction of the assignment given by the students. If you want to get a top-quality assignment it is necessary to provide all instructions carefully to the experts. The experts of the service prepare the assignment according to the provided instructions.   

Plan about How They Will Process the Work  

After reading the instruction, they start the assignment with good planning. With the planning of the assignment, they divide the time for each step of the assignment. It helps them to get the sufficient time for research and writing. It ensures the assignment will be ready within the scheduled time.      

Collect Information  

Before writing the assignment, the experts conduct good research on the topic. They are well aware of authentic or reliable sources. They can provide the best content for the assignment topic. They include relevant and factual information about the assignment topic. It helps students to get top-quality content for the assignment.    

Start Writing  

Now they come to the writing part of the assignment. Professional writers have excellent skills in writing and they know all kinds of academic writing styles. They start the assignment writing process using a proper format. The format helps them to maintain a proper sequence of information in the assignment that can easily grab the attention of readers. They use simple language while writing their academic paper. It helps you to easily understand the assignment.    

Proofread the Assignment  

When they complete the writing part of the assignment they transfer the assignment to the proofreading team of service. The proofreading team read the entire assignment thoroughly and find out errors. They also use the proofreading and editing tools and software for checking the errors in assignments. They correct all those errors in the assignment that the writer has done unintentionally. It ensures that the assignment has no errors in grammar, spelling, etc.     

Deliver the Work on The Due Date  

After checking the assignment thoroughly and making corrections they deliver your work within the due date. Thus students can check the assignment and submit well complete project within the submission deadline.    

However, the steps followed by the writers to write assignments help students to get well-written assignments according to their university instructions.  

 Other important features offered by the assignment help service 

  • Top quality assignment in a proper format 
  • No effect of plagiarism in the assignment  
  • Round-the-clock support to students  
  • Guidance from highly qualified and experienced writers  
  • Extensively researched material  
  • Affordable prices 


Assignment writing is not a cup of cake as one can think. The above-explained information helps to complete the assignment effectively. Taking assignment helper from experts, the student can get top-quality work.    

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