Ocean Alliance members, Yang Ming and major terminal operators initiate blockchain consortium
Members of the Ocean Alliance and Yang Ming along with DP World, Hutchison Ports, PSA International and Shanghai International Port Group (SIPG) and CargoSmart have agreed to form a consortium to develop an open digital platform based on blockchain technology.
The platform, named the Global Shipping Business Network (GSBN), aims to establish a digital baseline connecting stakeholders including carriers, terminal operators, customs agencies, shippers, and logistics service providers to enable collaborative innovation and digital transformation in the supply chain.
The announcement follows Maersk and IBM’s recent launch of TradeLens – another blockchain-based platform aiming to simplify the flow of information and documentation throughout the supply chain.
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