Today at the China International Import Expo plans for a new blockchain consortium, the Global Shipping Business Network (GSBN) were announced. The statement of intent to form the consortium includes five of the largest ten container carriers: CMA CGM, COSCO SHIPPING Lines, Evergreen Marine, OOCL, and Yang Ming.
Additionally, four terminal operators have signed up including DP World, Hutchison Ports, Singapore’s PSA International, and Shanghai International Port. The first three are the world’s largest port operators by tonnage. The technology provider is
CargoSmart.
The project aims to trigger digital transformation in the supply chain and connect carriers, terminal operators, customs agencies, shippers and logistics service providers.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
