Nine Leading Shipping Operators Launch Global Business Network Based on Blockchain

The new shipping blockchain alliance includes nine of the world’s leading companies within the industry of shipping logistics and operations.

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…

Read Full Story : News

2018-11-08 16:55:00

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