Today the Global Shipping Business Network (GSBN), the blockchain network for paperless trade, announced the addition of three new members. International Container Terminal Service (ICTSI) is the world’s largest independent port operator and joined last year. The others are Dutch port software firm Portbase and Malaysian port operator Westports.
GSBN was incorporated in 2021 as a Hong Kong-based nonprofit. Founding investors include COSCO SHIPPING LINES, COSCO SHIPPING PORTS, Hapag-Lloyd, Hutchison Ports, OOCL (COSCO owned), SPG Qingdao Port, PSA International and Shanghai International Port Group.
ICTSI took just two weeks to deploy the GSBN Cargo Release offering with Contecon Manzanillo, one of Mexico’s major container terminal operators. It could potentially deploy GSBN products across 32 terminals in 19 countries.
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