News / GSBN blockchain network for more secure cargo starts Rotterdam tests

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Global Shipping Business Network (GSBN), the ‘Chinese blockchain’ for shipping, is testing its cargo-release systems with Hutchison Ports ECT in Rotterdam, in collaboration with Cosco, OOCL and SUMEC.

GSBN is Hong Kong’s answer to Maersk and IBM’s TradeLens. The aim is cutting down on paperwork, speeding up processes and increasing the security of containers that have proven easy to steal, critics argue, thanks to a simple PIN system at many European ports.

For example, in 2018, thieves made off with two containers ...