{"id":952,"date":"2022-12-02T11:09:59","date_gmt":"2022-12-02T11:09:59","guid":{"rendered":"https:\/\/hello.inherentknowledge.org\/2024\/2022\/12\/02\/maersks-tradelens-demise-likely-a-death-knell-for-blockchain-consortiums\/"},"modified":"2022-12-02T11:09:59","modified_gmt":"2022-12-02T11:09:59","slug":"maersks-tradelens-demise-likely-a-death-knell-for-blockchain-consortiums","status":"publish","type":"post","link":"https:\/\/hello.inherentknowledge.org\/2024\/2022\/12\/02\/maersks-tradelens-demise-likely-a-death-knell-for-blockchain-consortiums\/","title":{"rendered":"Maersk&#8217;s TradeLens demise likely a death knell for blockchain consortiums"},"content":{"rendered":"<p>The <a href=\"https:\/\/www.computerworld.com\/article\/3681098\/ibm-maersk-scuttle-blockchain-based-tradelens-supply-chain-platform.html\">impending shutdown<\/a> of one of the largest digital shipping tracking ledgers is likely a sign that costly customized enterprise blockchain projects managed by consortiums are doomed \u2014 and have been for a long time.<\/p>\n<p>\u201cThey only succeed when all parties are on the same win-win page, and there is clear demonstrable ROI when the application is implemented,\u201d said Avivah Litan, a vice president analyst at Gartner Research. \u201c[This] seems like the last chapter in the era of costly enterprise blockchain projects.\u201d<\/p>\n<p>This week, Danish shipping giant Maersk and IBM announced that after four years their blockchain-based <a href=\"https:\/\/www.tradelens.com\/\" target=\"_blank\" rel=\"noopener\">TradeLens\u00a0digital ledger<\/a>\u00a0for tracking global shipments will shut down in the first quarter of 2023. The reason: a lack of participation by all industry players.<\/p>\n<p class=\"jumpTag\"><a href=\"https:\/\/www.computerworld.com\/article\/3682128\/maersks-tradelens-demise-likely-a-death-knell-for-blockchain-consortiums.html#jump\">To read this article in full, please click here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The impending shutdown of one of the largest digital shipping tracking ledgers is likely a sign that costly customized enterprise blockchain projects managed by consortiums are doomed \u2014 and have been for a long time. \u201cThey only succeed when all parties are on the same win-win page, and there is clear demonstrable ROI when the [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-952","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hello.inherentknowledge.org\/2024\/wp-json\/wp\/v2\/posts\/952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hello.inherentknowledge.org\/2024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hello.inherentknowledge.org\/2024\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/hello.inherentknowledge.org\/2024\/wp-json\/wp\/v2\/comments?post=952"}],"version-history":[{"count":0,"href":"https:\/\/hello.inherentknowledge.org\/2024\/wp-json\/wp\/v2\/posts\/952\/revisions"}],"wp:attachment":[{"href":"https:\/\/hello.inherentknowledge.org\/2024\/wp-json\/wp\/v2\/media?parent=952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hello.inherentknowledge.org\/2024\/wp-json\/wp\/v2\/categories?post=952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hello.inherentknowledge.org\/2024\/wp-json\/wp\/v2\/tags?post=952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}