Nine Leading Shipping Operators Launch Global Business Network Based on Blockchain

Neutral Nine Leading Shipping Operators Launch Global Business Network Based on Blockchain

Nine major terminal operators and shipping companies have signed a Memorandum of Understanding (MoU) to launch an open digital platform based on distributed ledger technology ( DLT), The Maritime Executive, a major industry source for maritime and marine news, reported Nov. 6.

The MoU, aimed at forming a consortium to develop a shipping industry blockchain alliance dubbed the Global Shipping Business Network (GSBN), has been signed by the world's leading shipping operators during the China International Import Expo in Shanghai on Nov. 6.

The article notes that the software solution for the global shipping business network will be provided by CargoSmart, a Hong Kong-based company specializing in shipping and logistics.

CargoSmart initiated the launch of the blockchain shipping alliance, and the first application of the newly established global shipping business network is scheduled for December 2018. The article notes:

"The first planned application will allow shippers to digitize and organize their dangerous goods documents and automatically connect with relevant parties to streamline the approval process."

This new blockchain alliance involves such shipping giants as PSA International, a Singapore-based company and one of the world's largest port operators, and Shanghai International Port Group, leading operator of ports in China. Other participants include leading French shipping group CMA CGM S.A and Yang Ming Marine Transport Corporation, an ocean shipping company based in Taiwan.

At the end of the summer, Danish transport and logistics giant Maersk in partnership with IBM had also launched global blockchain-enabled platform involving 94 organizations for shipping and logistics solutions, Cointelegraph reported Aug. 9.

11/08/2018 / 16:55:00 Source: cointelegraph

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Latest comments:

4 min
Hey Sam, how is it going? But I must explain to you how all this mistaken idea of denouncing of a pleasure and praising pain was born
3 min
Pretty good. Doing my homework.. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because
2 min
Any chance to go out? To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage
2 min
.. Maybe 40-50 mins. I don't know exactly. On the other hand, we denounce with righteous indignation and dislike men who are so beguiled
1 min
Anyway sounds great! These cases are perfectly simple and easy to distinguish.