COPENHAGEN, Denmark—Mediterranean Shipping Co. (MSC) and CMA CGM, two of the world’s biggest container shipping groups, are to join market leader Maersk in a blockchain platform aimed at limiting a costly paper trail in the industry.
With MSC and French-based CMA CGM, the second-and fourth-largest container shipping companies, joining the platform, nearly half of all cargo being shipped by sea—which accounts for 90% of traded goods worldwide—will be tracked using it.
