Freight forwarder OOCL Logistics says it successfully ran a pilot at the Port of Rotterdam for the blockchain-based Cargo Release application from the Global Shipping Business Network (GSBN). The cargo involved belonged to SUMEC, a state-controlled Chinese firm that deals with industrial machinery.
GSBN aims to provide a fully digital solution, reducing the delays and inefficiencies involved in exchanging paper documents. Cargo Release enables all the relevant parties to share the digital solution.
The GSBN is Hong-Kong based but recently expanded its operations to Europe. It’s backed by state-owned shipping company COSCO SHIPPING, COSCO-owned OOCL, and Hapag Lloyd, as well as several ports, including Hutchison Ports. Two of those companies, COSCO and Hutchison were also involved in the pilot.
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