CargoSmart announced the successful completion of a proof-of-concept with eTradeConnect, of the new data exchange platform Global Shipping Business Network (GSBN). The engagement explored ways to enhance global trade through better collaboration among shippers, banks, terminal operators, and ocean carriers, with applications to be further developed once the GSBN is formed.
DBS Bank and Trafigura, in collaboration with Infocomm Media Development Authority (IMDA), the International Chamber of Commerce (ICC), Enterprise Singapore and tradetech Perlin, are colalborating to develop an open-sourced blockchain trade platform (ICC TradeFlow platform).
More than 50 ports and terminals in Latin America, as Terminal Zárate in Argentina, Terminal Puerto Rosario in Argentina, Terminal de Buenaventura in Colombia, Port of Santos in Brasil, Terminal Pacífico Sur Valparaíso in Chile and San Vicente International Terminal in Chile, are currently working with the blockchain-based digital platform developed by IBM and Maersk, TradeLens.
Global Container Terminals (GCT), a container terminal operator in North America, has joined the TradeLens supply chain platform. By taking part in TradeLens, GCT aims to securely connect with supply chain partners including ocean carriers, beneficial cargo owners, and railways.
IBM and Raw Seafoods are collaborating through the IBM Food Trust, a blockchain-based platform that promotes food traceability, safety, and sustainability. This information will automatically be shared with other members of the scallop supply chain.
BlocBox, Singapore-based company developing maritime apps, is collaborating with Consentium, a cryptocurrency chat-app, on developing and delivering a blockchain-based universal maritime ecosystem. This partnership will enable seafarers use social apps and a cryptocurrency wallet.
Key shipping players partnered and successfully trialled a project concerning the testing of a bunker fuel using blockchain and DNA-marked fuels, which will be able to manage risk for marine fuels by creating a transparent chain of custody.
IBM presented a new integrated supply chain suite, linked with Watson AI and IBM Blockchain, open to developers that will help organizations modify their supply chains towards a smarter and more efficient environment, and to a better decision-making environment to adjust to disruptions and opportunities in an era when globalization has made supplier networks more complex and vulnerable than ever.
Starting from 1st October, Hong Kong-based blockchain technology firm 300cubits has decided to suspend the operation of the Booking Deposit Module, claiming lack of clarity in regulatory regimes surrounding digital currencies.
RoadLaunch, the private blockchain-based digital freight management platform is collaborating with the public blockchain logistics document transaction platform, CargoX, on a blockchain project in the first publicly available integrated product in logistics of this kind.
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