ONE joins GSBN to advance digitization in shipping

Singapore-based shipping company Ocean Network Express (ONE) has joined the Global Shipping Business Network (GSBN), an independent, non-profit technology consortium developing a blockchain-enabled operating system.

Joining follows a successful test of GSBN’s Cargo Release with ONE’s vessels. By joining GSBN, ONE now gains access to the consortium’s blockchain-enabled platform, which facilitates data exchange between different parties in global shipping supply chains.

ONE will also leverage the growing ecosystem of GSBN members and applications on its platform, including Cargo Release “offers a paperless, highly efficient and transparent solution that connects everyone involved in the import port”.

“The shipping industry is at a critical moment where digitization has the potential to enable a quantum leap. In order for this to succeed, a trusting cooperation is necessary. We are excited to welcome ONE, who are pioneers in digital transformation and sustainability, and we look forward to working together to further contribute to the industry’s digital leap.” Bertrand ChenCEO of GSBN said.

“With GSBN’s strong efforts to drive digitization across the shipping industry, we look forward to leveraging their proven infrastructure to accelerate closer collaboration with the industry and enable better efficiencies with applications like Cargo Release.” Kosuke WadaExecutive Vice President at Ocean Network Express, explained.

The Hong Kong-incorporated Global Shipping Business Network (GSBN) is an independent, not-for-profit technology consortium that aims to expand the global trading ecosystem by building bridges to new market entrants such as banks, fintech companies and other consortia, while supporting the development of technology-driven ones Innovate as the sector makes the leap to digital.

The consortium was initially formed by eight world leaders in the global shipping industry. Its shareholders are: Cosco Shipping Lines, Cosco Shipping Ports, Hapag-Lloyd, Hutchison Ports, OOCL, SPG Qingdao Port, PSA International and Shanghai International Port Group.

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