Share this article
Canadian Pacific Railway Seeks Logistics Boost From Blockchain Tech
Canadian Pacific – in operation since 1881 – has joined blockchain-based logistics platform TradeLens.
Updated Sep 14, 2021, 10:08 a.m. Published Oct 13, 2020, 8:06 a.m.
Canada's second-largest railway – a firm founded in 1881 – has become a member of blockchain logistics platform TradeLens in a bid to improve its supply-chain efficiency.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- As announced in a recent press statement, Canadian Pacific Railway (CP) aims to use the platform to create, share and amend documents with other supply-chain participants to reduce complexities in its shipping processes.
- TradeLens will assist CP's intermodal shippers to share documents with other participants in the supply chain including consignees, beneficial cargo owners, customs agencies, dray operators and shipping lines.
- "Global shipping is a profoundly complex business and TradeLens is improving the information-sharing processes that support the industry," CP Vice President and Chief Information Officer Mike Redeker said in the announcement.
- TradeLens was jointly founded by IBM and Maersk in 2018 and is said to have more than 700 million events and six million individual documents processed annually.
- In effect, the platform attempts to reduce the time it takes to process normally manual administrative tasks by deferring those tasks to automated digital procedures supported by blockchain tech.
- Canadian Pacific is publicly traded on the Toronto Stock Exchange and the New York Stock Exchange.
See also: Oman’s Largest Port Joins Blockchain Shipping Platform TradeLens
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Every Major Bitcoin Conference Has Seen Prices Fall in 2025, Will Abu Dhabi Be Different?
Bitcoin enters the Abu Dhabi conference near $92K after a year of sell-the-news dips at major events, raising questions about another potential pullback.
What to know:
- Bitcoin enters the MENA 2025 conference around $92K, with traders watching for another event-linked correction.
- All four major bitcoin conferences this year — Las Vegas, Prague, Hong Kong and Amsterdam — coincided with short-term price drops.
- The bitcoin conference in Abu Dhabi arrives this week with bitcoin over $92,000, raising the possibility of another sell the news move.
Top Stories
