Maritime blockchain platform GSBN (Global Shipping Business Network) has chosen to partner with Decentriq, for the latter to provide data privacy technology to its blockchain consortium, says an article published on Safety 4 sea.
Data clean roomDecentriq data clean rooms have been designed to address this problem and are found complementary to the blockchain.
In short, the Decentriq data clean room leverages a technology called confidential computing, providing an...
Global Shipping Business Network (GSBN), an independent, non-profit technology consortium developing a blockchain-enabled operating system, is partnering with project44, a supply chain visibility platform.
The shared goal of the two partners is to enhance supply chain visibility and address the global trade finance gap, according to a statement.
Both project44 and GSBN will also join forces with other consortium members to create a new data bundle that will combine both bill of lading and supply...
Global Shipping Business Network (GSBN), a blockchain consortium founded by major container lines and global terminal operators, has reached a milestone in successfully unifying the consent collection and sharing of shipping data on the GSBN Data Sharing Management Application.
In collaboration with Bank of China (Hong Kong), German ocean carrier Hapag-Lloyd and A & W Food Service (Hong Kong) Ltd, the pilot transaction was completed in under 20 minutes.
GSBN noted that with an increasingly...
https://container-news.com/gsbn-hapag-lloyd-complete-shipping-data-sharing-pilot/
Global Shipping Business Network (GSBN) an independent, non-profit technology consortium building a blockchain-enabled operating system designed to redefine global trade, has achieved to expand its application, named Cargo Release, in Latin America, starting with ports in Mexico and Panama.
Cargo Release offers a paperless, efficient and transparent solution that connects all stakeholders at the port of import, including shipping lines, consignees, their agents and terminals.
“As global trade...
https://container-news.com/gsbn-expands-cargo-release-rollout-to-latin-america/
COSCO SHIPPING SPE. has decided to become a member of the Global Shipping Business Network (GSBN), a blockchain-based data exchange platform.
On 1 June, the two parties held a virtual cooperation agreement signing ceremony, officially inaugurating COSCO SHIPPING SPE. as a new member of the consortium.
“The effective integration of COSCO SHIPPING SPE.’s digital shipping platform with GSBN’s blockchain platform will offer a fundamental solution to data and resource exchange with industry chain...
https://container-news.com/cosco-shipping-spe-joins-blockchain-powered-platform-gsbn/
The Trade Finance Advisory Group (TFAG) of Global Shipping Business Network (GSBN), an independent technology tech consortium building a blockchain-enabled operating system designed to redefine global trade, has reached a new milestone, with the first proofs-of-concepts for trade finance products since its launch in September last year.
GSBN’s Trade Finance Advisory Group consists of Bank of China (Hong Kong) Limited (BOCHK), DBS Bank and the Hongkong and Shanghai Banking Corporation Limited...
https://container-news.com/gsbn-bridges-growing-global-trade-finance-gap/
OOCL Logistics has successfully completed its recent piloting of the Cargo Release application with not-for-profit technology consortium Global Shipping Business Network (GSBN) in Rotterdam, the Netherlands.
GSBN’s blockchain-empowered Cargo Release system has connected all parties involved at the port of import including shipping lines, consignees, agents and terminals to offer a paperless and transparent digitalised solution.
This solution enables customers to eliminate manual processes and...
https://container-news.com/oocl-logistics-and-gsbn-pilot-blockchain-based-solution-in-europe/
The independent, not-for-profit technology consortium Global Shipping Business Network (GSBN) welcomes the Bank of China (BOC), DBS Bank (DBS) and The Hongkong and Shanghai Banking Corporation Limited (HSBC) to form the consortium’s Trade Finance Advisory Group for digitalising trade finance.
According to the International Chamber of Commerce (ICC), there is an estimated trade finance gap of US$1.5 trillion which is projected to grow to US$2.5 trillion by 2025.
The aim of the Trade Finance...
The independent technology consortium Global Shipping Business Network (GSBN) will develop a blockchain operating system in collaboration with Oracle, Microsoft, AntChain and Alibaba Cloud, to accelerate digital transformation in the global trade sector.
By using blockchain technology, the consortium, which was first founded by eight global shipping lines, is able to enable collaboration between disparate market participants.
For the platform layer, GSBN chose to harness Microsoft Azure Southeast...
https://container-news.com/gsbn-teams-up-with-global-tech-giants-for-new-blockchain-platform/
Global Shipping Business Network (GSBN), a blockchain consortium, has announced it has expanded its global footprint by rolling out Cargo Release to Hong Kong, Singapore and Laem Chabang in Thailand.
Cargo Release offers a paperless, highly efficient and transparent solution connecting everyone involved at the port of import including shipping lines, consignees, their agents and terminals.
This product cuts the time for cargo to be document-ready for release from days to hours, according to a...
https://container-news.com/gsbn-rolls-out-cargo-release-across-southeast-asia/