"Unfortunately, while we successfully developed a viable platform, the need for full global industry collaboration has not been achieved."
So... they successfully built the solution, but then failed to build a suitable problem for it?
So... they successfully built the solution, but then failed to build a suitable problem for it?
Happens all the time, especially if no one sees a point in using it. In other words, it didn't solve anyone's serious valuable problem. Which is something that those people that have been saying "couldn't you just do the same thing with a database" already knew.
Crypto went thru a lot of hype-memes, like NFTs, staking etc etc. But I still remember the older "nonono this is about blockchain as an underlying technology" meme.
This retirement of the product might be more aligned with the expected time between major software replacement initiatives at typical customers than with the hype cycle of blockchains: IBM needs to sell some successor to TradeLens. Or, more simply, Maersk actually needs better software than TradeLens for themselves.