New blockchain platform aims to track one third of all shipping containers gl...
Global Shipping Business Network launched a new blockchain-based platform to digitize the shipping process, and sought out key partnerships to target the Asian markets. Global Shipping Business Network (GSBN) has launched a new blockchain-based platform that could potentially track one-third of shipping containers across the globe. The GSBN was founded in October 2020 by eight global national freight maritime cargo companies to build a blockchain platform that digitizes shipping processes such as document issuance, clearance and logistics data. Members of the Hong-Kong-based non-profit....
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A research company, called Blockfreight, is unveiling their new blockchain platform. It is billed as the world’s first end-to-end blockchain solution for the global cargo shipping industry. Blockfreight Wants to Automate the Global Supply Chain With Blockchain-Based Cargo. According to the press release, the team seems to believe that the Blockfreight blockchain will be one of the most significant innovations to the freight industry since the advent of ISO containers sixty years ago, which standardized handling requirements. While ISO containers standardized dimension and handling....
Blockfreight, designed as the first end-to-end blockchain solution for the global cargo shipping industry, has announced its technology and has launched an initial token sale. The initial token offer of up to $1.9 million of Blockfreight Tokens [BFT:XCP] is available at a discount to its $1.00 (USD) retail value, according to Julian Smith, the company’s co-founder, and CEO. A Global Shipping Evolution. The global shipping industry is responsible for the movement of more than $4 trillion of cargo each year. Blockfreight marks one of the most significant developments since the invention of....
What this concept does is let recipient track their shipment from the departure all the way to its arrival. Imagine the world in which transport containers will become smart enough to know where they need to go. No human intervention required, although all of the commands would be stored on a distributed ledger. That is an area of technology Finland is pursuing, as they want to create blockchain-based transport container intelligence. Albeit the concept may sound strange on paper, it is not unfeasible to achieve either. A new project will take place in Finland later this year, which will....
An economic development firm owned by the city of Kouvola in Finland has received €2.4m to help pay for a project designed to streamline the supply chain using blockchain. To be dispersed over a three-year period, the money from Kouvola Innovation will be used in part to connect various enterprise resource planning (ERP) tools used by the trucking industry, warehousing industry and freight operating industry to manage their supply chains. While talk of streamlining supply chains by creating a single immutable record of products is increasingly common, this effort is different in that it....
It could become the first of its kind blockchain maritime cargo platform in the region Chile's National Economic Prosecutor's Office, or FNE, has granted approval to nine national freight maritime cargo companies to establish a joint venture to develop a blockchain platform, the first of its kind in the region.According to MundoMaritimo.cl, the platform will be named Global Shipping Business Network, or GSBN. It aims to handle all the processes related to maritime cargo such as document issuance and cargo clearance, among other services.The solution is also expected to be offered to other....