GSBN completes shipping data sharing pilot
Global Shipping Business Network (GSBN), a blockchain consortium, has reached a milestone in unifying the consent collection and sharing of shipping data on its data sharing management application.
In collaboration with Bank of China (Hong Kong) (BOCHK), Hapag-Lloyd and A & W Food Service (Hong Kong) Ltd, the pilot transaction was completed in under 20 minutes.
By supplying banks with trusted shipping data, the consortium’s solution aims to facilitate approval process and make trade finance more accessible to corporates.
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