Global Shipping Business Network (GSBN), an independent, not-for-profit technology consortium to build a blockchain-enabled operating system, announced its expansion into Europe with Cargo Release piloting in Rotterdam.
As informed, the announcement builds upon the rapid global momentum GSBN’s flagship solution has had, after successful deployments in China and across Southeast Asia last year.
According to GSBN, Cargo Release offers a paperless and transparent solution that connects everyone involved at the port of import, including shipping lines, consignees, their agents, and terminals.
The platform is said to simplify data exchange and shorten operation time among parties with real-time updates, cutting the time for cargo to be ready for release from days to a matter of hours, according to GSBN.
The rollout of Cargo Release in Europe is a significant milestone for GSBN and a testament to the growing pace of digital transformation in the shipping industry. The resilience and efficiency of supply chains has never been of greater importance and the digital leap of the industry is key to achieving this
…Bertrand Chen, CEO at GSBN, said.
Last year, Global Shipping Business Network has incorporated in Hong Kong after securing the requisite regulatory approvals across multiple jurisdictions, and has officially started its operations to help accelerate the Digital Transformation of the Shipping industry.
