Today the Global Shipping Business Network (GSBN) said it incorporated as a non-profit in Hong Kong. The blockchain shipping network that aims to digitize trade boasts three top-ten container shippers and four port terminal operators, most of them in Asia.
The founding shareholders are COSCO SHIPPING LINES, COSCO SHIPPING PORTS, Hapag-Lloyd, Hutchison Ports, OOCL (COSCO owned), SPG Qingdao Port, PSA International and Shanghai International Port Group.
It’s been more than a year since the GSBN said it was planning to incorporate. A big holdup was getting regulatory approvals which it has now received across multiple jurisdictions.
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