Global Shipping Business Network rolls out Cargo Release blockchain-enabled system in China

The Global Shipping Business Network (GSBN) has begun the rollout of its first application Cargo Release starting in China, following the consortium’s incorporation earlier this year.

GBSN is the world’s first independent, not-for-profit technology consortium to build a blockchain-enabled operating system designed to redefine global trade.

Bertrand Chen, CEO of GSBN, said: “Like the early days of cloud technology, the shipping industry is on the cusp of an exciting revolution where the major efficiencies will be unlocked, and significant value will be created. This announcement is a milestone for global trade as this sector steps into the next digital era.”