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GSBN Adopts Blockchain to Share Shipping Data with Financial Insitutiotns

GSBN Adopts Blockchain to Share Shipping Data with Financial Insitutiotns

Global Shipping Business Network (GSBN) has adopted blockchain technology to speed up pilot transactions by unifying the consent collection and sharing of shipping data with financial institutions.

Global Shipping Business Network (GSBN) Bullish on Blockchain

Global Shipping Business Network (GSBN) Bullish on Blockchain

Hong Kong-based nonprofit consortium Global Shipping Business Network (GSBN) remains optimistic about the potential of blockchain in logistics, with a platform that rivals Maersk's TradeLens. Major shipping partners like Cosco and Hapag-Lloyd have already joined, with a permissioned blockchain allowing only authorized parties to access data. Despite past failures, GSBN CEO Bertrand Chen believes blockchain has yet to fully catch on and its adoption may take another decade.

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