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    UK Club: Digitization plays a pivotal role in enhancing fire safety onboard

    UK Club: Digitization plays a pivotal role in enhancing fire safety onboard

    fire hose nozzles

    LR: EU recalls defective AWG fire hose nozzles

    Risk Focus best practices

    UK P&I Club focuses on personnel safety in tug and barge operations

    Two incidents of armed robbery

    IMO: Boost to enhance maritime security in West and Central Africa

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    Prediabetes is a serious health condition: What you need to know

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    Stay SEAFiT: Why Musculoskeletal Health matters

    Stay SEAFiT: Why Musculoskeletal Health matters

    Book Review: A role model for ship managers

    Book Review: How technology will transform the work of human experts

    Why we should start talking about mentoring in shipping

    Why we should start talking about mentoring in shipping

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    UMAS: Key questions addressing the 2023 IMO GHG strategy

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    COP28 opens

    COP28: 2023 is set to be the warmest year on record

    TT Club highlights risks of plastics

    TT Club urges heightened awareness for safe transport of plastic pellets

    Azane and Amogy sign MoU

    AZANE Fuel Solutions launches ammonia bunker vessel design

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    K Line tests Autonomous navigation onboard RORO

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    Danelec expands maritime digitalization with Nautilus Labs’ AI technology platform

    carnival cyber security

    Swedish Club to offer cyber security insurance from 2024

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    RISK4SEA announces CIC Preliminary Results on fire safety (September – October)

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    BMA: Key requirements for Port State Control inspections

    Port,Alma,,Australia

    AMSA bans third ship from poor-performing operator

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    Pioneering low-carbon LNG bunkering for iron ore shipping in Port Hedland

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    Woodrow: ESG concerns drive 60% of investors to consider divestment from maritime sector

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    UK Club: Digitization plays a pivotal role in enhancing fire safety onboard

    UK Club: Digitization plays a pivotal role in enhancing fire safety onboard

    Weathernews: A shift in the approach to weather forecasting is imperative

    Weathernews: A shift in the approach to weather forecasting is imperative

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SAFETY4SEA

GSBN achieve data sharing industry milestone with Hapag-Lloyd

by The Editorial Team
October 3, 2022
in Smart
gsbn hapag lloyd

Credit: Shutterstock

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Global Shipping Business Network (GSBN) reached an industry-first milestone in successfully unifying the consent collection and sharing of shipping data on the GSBN Data Sharing Management Application.

In collaboration with Bank of China (Hong Kong) (BOCHK), Hapag-Lloyd and A & W Food Service, the pilot transaction was completed in under 20 minutes. By supplying banks with trusted shipping data, the consortium’s solution aims to facilitate approval process and make trade finance more accessible to corporates.

GSBN’s Data Sharing Management App offers a blockchain-enabled application which allows SMEs to provide consent via the App and instruct carriers to share verified shipping data.

With this consent, financial institutions can now gain access to a basket of trusted and immutable shipping data in a standardised and structured format.

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“With higher visibility, financial institutions can benefit from accurate and complete shipping data to make informed decisions and better manage risk. By sharing data in structured format, we have also laid the foundation for automated checking, which can reduce approval times from days to minutes,” said GSBN.

This pilot solves a major bottleneck in the industry and is a testament to the efficiency of the network in enabling trusted data sharing

Bertrand Chen, CEO at GSBN, stated.

GSBN achieve data sharing industry milestone with Hapag-Lloyd
GSBN achieve data sharing industry milestone with Hapag-Lloyd
Tags: data collection systemdigitalizationHapag-Lloydmaritime data
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