News / Industry questions new box ship blockchain network

Yesterday’s announcement that five shipping lines and four terminal operators are to form a consortium to develop a Global Shipping Business Network (GSBN) has raised more questions than it answered.

GSBN will be a blockchain-enabled platform that will help digitise the industry, set standards and transform documentation flows, the companies said.

The participants comprise Ocean Alliance members CMA CGM, Cosco/ OOCL and Evergreen – but also, interestingly THE alliance partner Yang Ming, as well as DP World, Hutchison Ports, PSA and Shanghai International ...