Six Major Shipping Operators Launch Global Business Network According to Blockchain

The new delivery blockchain alliance includes nine of the planet ’s major firms in the business of shipping operations and logistics.
Nine leading terminal operators and shipping companies have signed a Memorandum of Understanding (MoU) to establish an open digital platform based on dispersed ledger technologies (DLT), The Maritime Executive, a significant industry source for maritime and marine news, reported Nov. 6. The MoU, geared toward forming a consortium to come up with a delivery industry blockchain alliance called the International Shipping Business Network (GSBN), has been signed with the planet ’s major shipping operators throughout the China International Import Expo in Shanghai on Nov. 6. The report notes that the software solution for the worldwide delivery business network is going to be provided by CargoSmart, a Hong Kong-based company specializing in shipping and also logistics.CargoSmart initiated the initiation of the blockchain shipping alliance, and also the very first program of the recently established international delivery business community is scheduled to December 2018. The article notes:ldquo;The first planned program enables shippers to digitize and organize their dangerous goods documents and mechanically connect with applicable parties to streamline the approval process. ”This brand new blockchain alliance entails such shipping giants as PSA International, a Singapore-based company and one of the world’s biggest port operators, along with Shanghai International Port Group, top operator of vents in China. Other participants include top French delivery collection CMA CGM S.A and Yang Ming Marine Transport Corporation, a sea shipping company based in Taiwan.At that at the very end of the summer, Danish transport and logistics giant Maersk in partnership with IBM had also launched global blockchain-enabled platform between 94 organizations for shipping and logistics solutions, Cointelegraph documented Aug. 9. […]

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