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IBM and Maersk have announced a new collaboration to use blockchain technology to help transform the global, cross-border supply chain - which has the potential to save billions of dollars, a statement said. The blockchain solution based on the Hyperledger Fabric and built by IBM and Maersk, the global leader in transport and logistics, will be made available to the shipping and logistics industry. The solution will help manage and track the paper trail of tens of millions of shipping containers across the world by digitising the supply chain process from end-to-end to enhance transparency and the highly secure sharing of information among trading partners. "When adopted at scale, the solution has the potential to save the industry billions of dollars,"said the statement.