The largest port in Oman, the Port of Salalah, has joined TradeLens, a blockchain-based digital shipping platform, a local news outlet Times Of Oman reports citing the port's CEO.
The blockchain platform was developed by American tech giant IBM in cooperation with Maersk.
With the new platform, the port is planning to provide its customers with the ability to secure end-to-end supply chain information, seamless data sharing and new avenues for collaboration which will reportedly result in "improved trade flows via the port."
The port CEO Mark Hardiman claims that joining TradeLens "is an important step forward for Port of Salalah in supporting the modernizing of the trade ecosystem."
"Logistics has been identified as one of the key pillars for economic diversification for the Sultanate of Oman," Hardiman added.
Back in December iHodl reported that Chinese conglomerate that listed among the world's largest gaming, tech, social media, venture capital firms and investment corporations Tencent Holdings Limited is planning to open a cryptocurrency-focused research arm.
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