https://www.maersk.com/news/articles/2022/11/29/maersk-and-ibm-to-discontinue-tradelens
8 replies (most recent on top)
As someone who (not the below) works in TradeLens we were notified we needed to look for new jobs Dec 6 by senior management..... They're being lenient about the time frame at least for now, but I imagine come Jan Feb it'll be a different story. I just got hired into TradeLens from another role so this blows.
As someone who actually works at IBM blockchain the comments here are really uniformed. The failure with TradeLens was that it required enough players for the network to be of use. TradeLens itself worked very well. IBM Blockchain continues to be the leader of enterprise blockchain solutions.
As Forbes puts it, "Up until last week, Tradelens was the only successful blockchain deployment in a public network. [...] The problem? Ocean shipping companies are a wily bunch unwilling to collaborate. The transaction frequency and margin volatility of the market is a barrier."
IBM discontinues everything... it is their business model and the reason this company is going down in flame. Execs are just robing the company while they can.
Blockchain has no real world use case besides "digital currency for buying contraband, paying ransom, and money laundering".
IBM always chases the new toy buzzword, plays with it for 5 minutes, then chucks it across the room.
My toddler has a better attention span.
Another one of Ginny’s winning investments. What a waste of money and resources.
Bob Load's organization keeps slimming down. Or is he a clean-up guy these days?
Seriously though I believe the blockchain has always been hidden behind an API hosted by IBM (access to those who got approved and paid a fee), blockchain was an implementation/marketing detail and the whole thing could have been done with Sybase/MDB etc. If they had promoted this as a standard/open way of describing shipping data it might have been beneficial.