# GSBN

> Here to simplify trade for all


## Posts

- [GSBN Forms Alliance with ODeX and IQAX to accelerate eBL adoption in  India](https://gsbn.trade/gsbn-forms-alliance-with-odex-and-iqax-to-accelerate-ebl-adoption-in-india/): Hong Kong, 6 May 2026 — Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling paperless, accessible and sustainable global trade, today announced its APIintegration with ODeX, a leading online platform for Shipping Documentation Exchange in India. This integration allows users to process IQAX eBL directly within the ODeX platform, simplifying and accelerating eBL adoption across global supply chains. A key barrier to pervasive eBL adoption is multiple disparate platforms across the shipping industry, hampering the integration of digital bills of lading into existing workflows. GSBNs latest initiative lets users receive, transfer, and surrender IQAX eBLs seamlessly on ODeX, […]
- [Abu Dhabi Customs and China (Chongqing) International Trade Single Window Partner with GSBN for eBL-Enabled Digital Customs Clearance](https://gsbn.trade/abu-dhabi-customs-and-china-chongqing-international-trade-single-window-partner-with-gsbn-for-ebl-enabled-digital-customs-clearance/): Photo shows (from left) Bertrand Chen, CEO of GSBN,and His Excellency Rashed Lahej Al Mansoori, Director General of Abu Dhabi Customs Hong Kong, 30 January 2026 — Global Shipping Business Network (GSBN) has announced that Abu Dhabi Customs and China (Chongqing) International Trade Single Window are participating in the collaboration initiatives, marking another important milestone in the network’s expanding engagement with public sector trade authorities. Building upon Colombia Customs’ decision to accept electronic Bill of Lading (eBL) for clearance, this development represents a growing interest among customs authorities to leverage eBL data to facilitate more efficient, transparent and secure import […]
- [Banks embrace eBL Interoperability with Live Cross-Platform Trade Finance Transaction in Thailand and China](https://gsbn.trade/banks-embrace-ebl-interoperability-with-live-cross-platform-trade-finance-transaction-in-thailand-and-china/): GSBN, together with IQAX and ICE Digital Trade, connects shipping lines, corporates, and banks in a live transaction demonstrating real-world scalability of digital trade finance Hong Kong & London, 12 January 2026 — Continuing their unique collaboration, GSBN, IQAX and ICE Digital Trade now enable cross-platform electronic bill of lading (eBL) transactions involving banks. New Golden Sea Shipping (a COSCO Group subsidiary), Lenzing (Thailand) Co., Ltd, HSBC Thailand, China Zheshang Bank (CZBank), and Jiangsu Dasheng Group Co., Ltd. have successfully completed a live eBL transaction, marking a significant step toward scalable interoperability in trade finance. The transaction began with New […]
- [Banco Inter and Chainlink Complete First Cross-Border, Cross-Chain Trade Experiment Between the Central Bank of Brazil and the Hong Kong Monetary Authority](https://gsbn.trade/banco-inter-and-chainlink-complete-first-cross-border-cross-chain-trade-experiment-between-the-central-bank-of-brazil-and-the-hong-kong-monetary-authority/): Nov 4, 2025 – Banco Inter and Chainlink, in partnership with the Central Bank of Brazil (BCB) and the Hong Kong Monetary Authority (HKMA), alongside global institutions Standard Chartered, Global Shipping Business Network (GSBN), and 7COMm, have successfully completed the first blockchain-based international trade finance experiment for the primary sector, enabling small and medium-sized businesses to sell commodities abroad. Under Phase 2 of Brazil’s Drex central bank digital currency (CBDC) initiative, the proposed new trade finance platform enabled the test of a programmable Delivery-versus-Payment (DvP) transaction and cross-border Payment-versus-Payment (PvP) transaction that unlocks conditional and installment-based payments. The platform simulates […]
- [GSBN provides digital solution in support of the “RMB 2M Pledge Financing” initiative by integrating eDO, eBL and eW/R and helps Corporates achieve 30% cost savings](https://gsbn.trade/gsbn-provides-digital-solution-in-support-of-the-rmb-2m-pledge-financing-initiative-by-integrating-edo-ebl-and-ew-r-and-helps-corporates-achieve-30-cost-savings/): Key milestone in Lin-gang Special Area's digital trade journey following the passing of the MLETR
- [GSBN Debuts App to Digitise Customs Clearance with Trusted eBLs](https://gsbn.trade/gsbn-debuts-app-to-digitise-customs-clearance-with-trusted-ebls/): From Paper to Digital: Colombian Customs Accepts eBLs via GSBN Document Viewer App
- [IQAX Becomes First eBL Solution Globally to Go Live with DCSA eBL API v3.0 on GSBN](https://gsbn.trade/iqax-becomes-first-ebl-solution-globally-to-go-live-with-dcsa-ebl-api-v3-0-on-gsbn/): New standard now available to all DCSA carrier members on GSBN, enabling streamlined integration and faster rollout, as over 550,000 eBLs issued
- [Cross-Platform eBLs become a reality as OOCL and a major oil and gas company go live](https://gsbn.trade/cross-platform-ebls-become-a-reality-as-oocl-and-a-major-oil-and-gas-company-go-live/): Key milestone achieved towards unlocking eBL adoption in liner as ICE Digital Trade and IQAX launch their interoperable eBL solution, with
- [WiseTech Global and IQAX Enhances De Well Group’s Freight Forwarding Efficiency Through eBL Integration with CargoWise over GSBN](https://gsbn.trade/wisetech-global-and-iqax-enhances-de-well-groups-freight-forwarding-efficiency-through-ebl-integration-with-cargowise-over-gsbn/): The integration of IQAX eBL with the CargoWise platform via GSBN allows us to manage the transfear and surrender of eBLs all in one place.
- [ONE to adopt DCSA standards through GSBN to elevate the user experience of its Customers](https://gsbn.trade/one-to-adopt-dcsa-standards-through-gsbn-to-elevate-the-user-experience-of-its-customers/): This milestone marks the second product ONE has adopted through the GSBN platform, accelerating its customers adoption of paperless trade.
- [COSCO Pilots Safe Transportation with Longxing Chemical over GSBN](https://gsbn.trade/cosco-pilots-safe-transportation-with-longxing-chemical-over-gsbn/): A key milestone following the continued expansion of the consortium, including the recent addition of CEI CVC Lab as the 5th laboratory in the program. Hong Kong, 20th January 2025 – Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling paperless, accessible and sustainable global trade with its data infrastructure and ecosystem of partners, announced a significant milestone in the digitalisation of critical cargo booking processes.  After successfully implementing the digitalisation of safe transportation certificates for over a year, COSCO SHIPPING Lines (COSCO) and GSBN have launched a new pilot to enhance the digital sharing of documents and certificates for dangerous […]
- [GSBN joins HKMA’s Project Ensemble to accelerate electronic Bill of Lading tokenisation and bridge multi-trillion-dollar trade finance gap](https://gsbn.trade/gsbn-joins-hkmas-project-ensemble-to-accelerate-electronic-bill-of-lading-tokenisation-and-bridge-multi-trillion-dollar-trade-finance-gap/): Photo: Bertrand Chen (back row, third from right) and other guests celebrates new progress of the Hong Kong Monetary Authority’s Project Ensemble. (Hong Kong, 28 August 2024) – Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling paperless, accessible and sustainable growth in global trade with its data infrastructure and ecosystem of partners, has officially joined the Hong Kong Monetary Authority’s (HKMA) Project Ensemble to test its electronic Bill of Lading (eBL) tokenisation use case with Ant Digital Technologies and conduct interbank atomic settlement of tokenised deposits between the Hongkong Shanghai Banking Corporation (HSBC) and Hang Seng Bank (Hang […]
- [COSCO SHIPPING Lines issues first blockchain-certified HIECO Green Shipping Certificate over GSBN to support low-carbon global shipping for BOE Technology Group](https://gsbn.trade/cosco-shipping-lines-issues-first-blockchain-certified-hieco-green-shipping-certificate-over-gsbn-to-support-low-carbon-global-shipping-for-boe-technology-group/): (Hong Kong, 1 July 2024) – Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling paperless, accessible, and sustainable growth in global trade with its data infrastructure and ecosystem of partners, has announced that COSCO SHIPPING Lines has collaborated with customer, BOE Technology Group, to issue the first blockchain-certified Hi-ECO green shipping certificate over GSBN. The development follows COSCO SHIPPING Lines’ previous announcement that it has partnered with GSBN to launch its Hi-ECO blockchain-based shipping product, which incorporates traceable and verifiable green certificates to accelerate decarbonisation in global trade. As a global corporation, BOE is committed to environmental protection and sustainability. As […]
- [Hapag-Lloyd adopts IQAX eBL via GSBN to reach its 100% eBL commitment](https://gsbn.trade/hapag-lloyd-adopts-iqax-ebl-via-gsbn-to-reach-its-100-ebl-commitment/): IQAX eBL offers a fast, reliable solution at no extra cost for Hapag-Lloyd customers (Hong Kong, 25 April 2024) – Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling paperless, accessible, and sustainable growth in global trade with its data infrastructure and ecosystem of partners, has announced that Hapag-Lloyd will adopt IQAX eBL to issue electronic bills of lading (eBL) over GSBN’s infrastructure to offer greater efficiency, visibility and control for their customers. This reinforces Hapag-Lloyd’s commitment to fully adopt eBLs by 2030, as well as to offer greater choice to its customers with an effective digital solution to address […]
- [MSC Collaborates with GSBN to trial Integrated Safe Transportation Certification Verification Process, Boosting Safety of Lithium Battery Shipments](https://gsbn.trade/msc-collaborates-with-gsbn-to-trial-integrated-safe-transportation-certification-verification-process-boosting-safety-of-lithium-battery-shipments/): The collaboration was unveiled at the SMDG’s 78th CDC and Plenary Meeting (Antwerp and Hong Kong, 24 April 2024) – Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling paperless, accessible and sustainable growth in global trade with its data infrastructure and ecosystem of partners, today announces its collaboration with MSC Mediterranean Shipping Company to further enhance safety in transporting lithium battery shipments. The collaboration was jointly unveiled by GSBN and MSC  during the SMDG’s 78th CDC and Plenary Meeting in Antwerp, Belgium. The increasing presence of lithium-ion batteries carried on container ships amid rising misdeclarations has become a major concern for […]
- [COSCO harnesses GSBN blockchain to issue traceable and verifiable green certificates to accelerate decarbonisation in global trade](https://gsbn.trade/cosco-harnesses-gsbn-blockchain-to-issue-traceable-and-verifiable-green-certificates-to-accelerate-decarbonisation-in-global-trade/): The completed pilot sets to enhance market confidence market confidence in GHG reduction claims 2 April 2024, HONG KONG – Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling paperless, accessible and sustainable global trade with its data infrastructure and ecosystem of partners, has completed a pilot with COSCO Shipping (COSCO) to issue traceable and verifiable green certificates powered by blockchain technology. As global shippers step up to their corporate responsibility of safeguarding the environment, leading corporations have started to pay a green premium on biofuel usage in exchange for Greenhouse Gas (GHG) reduction claims or Green Certificates. To […]
- [GSBN welcomes Portbase, ICTSI and Westports to further strengthen trusted data collaboration and decarbonisation in global trade](https://gsbn.trade/gsbn-welcomes-portbase-ictsi-and-westports-to-further-strengthen-trusted-data-collaboration-and-decarbonisation-in-global-trade/): Another major milestone in GSBN’s expanding global footprint 22 February 2024, HONG KONG – Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling efficient, paperless and sustainable growth in global trade with its data infrastructure and ecosystem of partners, welcomes Portbase, International Container Terminal Services, Inc. (ICTSI) and Westports Holdings Berhad (Westports) as its latest members. The new partnership marks another milestone in GSBN’s growing infrastructure and ecosystem coverage. Founded in 2009, Portbase is a not-for-profit organisation that develops and operates the digital infrastructure for the Dutch ports. Portbase is the first Port Community System (PCS) to integrate with […]
- [GSBN partners with ZAN to harness Web3 to tokenise eBLs and unlock new economic opportunities](https://gsbn.trade/gsbn-partners-with-zan-to-harness-web3-to-tokenise-ebls-and-unlock-new-economic-opportunities/): The announcement made during Hong Kong FinTech Week will see the two collaborate in paving way to the securitisation of $25 trillion in global trade flows Photo: Bertrand Chen, CEO at GSBN (second from left) and Guoqiang Dai, GM of Strategic Consultant, Ant Group Digital Technologies (third from right) signed the MoU to explore technical innovations for tokenising the electronic Bill of Lading (eBL). 6 November 2023, HONG KONG – Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling efficient, paperless and sustainable growth in global trade with its data infrastructure and ecosystem of partners, has signed a Memorandum […]
- [GSBN partners with DNV to enable verified data sharing for decarbonisation of the shipping industry](https://gsbn.trade/gsbn-partners-with-dnv-to-enable-verified-data-sharing-for-decarbonisation-of-the-shipping-industry/): Witnessed by Ms. Afra Guo Deputy General Manager of Business Process Division at COSCO Shipping Lines (back row left) and Mr. Xiaofeng Jason LIU, Head of Smart Center, DNV China (back row right), Mr. Bertrand Chen, CEO at GSBN (front row left) signed the MoU with Mr. Per Marius Berrefjord, SVP, Business Development Leader Maritime, DNV. (front row right)
- [First energy and bulk eBLs issued over GSBN with COSCO Energy and COSCO Bulk](https://gsbn.trade/first-energy-and-bulk-ebls-issued-over-gsbn-with-cosco-energy-and-cosco-bulk/): COSCO Energy and COSCO Bulk join GSBN as new members, expanding GSBN’s coverage across container, bulk, specialised cargo to energy transportation 27 Sep 2023 – Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling efficient, paperless and sustainable growth in global trade with its data infrastructure and ecosystem of partners, announced that COSCO SHIPPING Energy Transportation Co., Ltd (“COSCO Energy”) and COSCO SHIPPING Bulk CO., Ltd (“COSCO Bulk”) have joined the consortium as members and successfully issued the first electronic bills of lading (eBL) for energy transportation and bulk shipments. COSCO Energy is a company specialised in the shipment […]
- [GSBN welcomes latest member New Land-Sea Corridor to Expand the way for paperless trade](https://gsbn.trade/gsbn-welcomes-latest-member-new-land-sea-corridor-to-expand-the-way-for-paperless-trade/): First dry port deployment of Cargo Release into the rail network along RCEP trade area 27 July 2023 – Global Shipping Business Network (GSBN), an independent not-for-profit technology consortium building a trusted digital platform to redefine global trade welcomes the New Land-sea Corridor Operation Co Ltd, (NLSC) as a new member, expanding the way for digitally integrated land and sea trade routes between Asia and Europe. The New International Land-Sea Trade Corridor (ILSTC) is a major trade and logistics passage established jointly by China and ASEAN members. NLSC operates a pan-regional integrated transportation platform which orchestrates the transportation network between […]
- [GSBN partners with GCMD to enable data sharing to accelerate decarbonisation of shipping](https://gsbn.trade/gsbn-partners-with-gcmd-to-enable-data-sharing-to-accelerate-decarbonisation-of-shipping/): 6 June 2023 – Global Shipping Business Network (GSBN), an independent not-for-profit technology consortium building a trusted digital platform to redefine global trade, has signed a Knowledge Partnership Agreement with the Global Centre for Maritime Decarbonisation (GCMD). The partnership aims to help bridge the transparency gap between digitalisation and decarbonisation by enabling the secure and scalable exchange of data pertaining to decarbonisation initiatives. GCMD is a non-profit organisation which aims to help the shipping industry lower Green House Gas (GHG) emissions to meet the International Maritime Organization’s goals for 2030 and 2050, by shaping standards for future fuels, piloting low-carbon […]
- [GSBN welcomes Ocean Network Express to further expand collaboration and digitalisation in shipping](https://gsbn.trade/gsbn-welcomes-ocean-network-express-to-further-expand-collaboration-and-digitalisation-in-shipping/): 30 May 2023, Hong Kong SAR – Global Shipping Business Network (GSBN), an independent, not-for-profit technology consortium building a blockchain-enabled operating system designed to redefine global trade, welcomes Ocean Network Express Pte Ltd. (ONE) as its latest member. This follows a successful trial of GSBN’s Cargo Release with ONE’s customers. As one of the world’s largest container carriers, ONE has been a pioneer in upgrading its enterprise architecture and developing digital solutions to improve customer experience and continue to enhance digitalisation. This is important not only for the reasons of facilitating global trade and adding value to customers, but also […]
- [First PoC linking up paperless Cargo Release and eBL solutions on GSBN](https://gsbn.trade/first-poc-linking-up-paperless-cargo-release-and-ebl-solutions-on-gsbn/): A seamless connection between the two processes to boost efficiency and global trade 12 May 2023 – Global Shipping Business Network (GSBN), an independent not-for-profit technology consortium building a trusted platform designed to redefine global trade, announced the completion of a ground-breaking proof-of-concept with COSCO Shipping Specialized Carriers, connecting the electronic Bill of Lading (eBL) to the cargo release process seamlessly at Qingdao Port International Ltd. Traditionally, COSCO Shipping Specialized Carriers or their shipping agents had to provide a copy of the Bill of Lading to Qingdao Port’s system as a supporting document for the cargo release process. Until recently, […]
- [Industry first as GSBN completes PoC using confidential computing to transform global trade finance](https://gsbn.trade/industry-first-as-gsbn-completes-poc-using-confidential-computing-to-transform-global-trade-finance/): Latest move in a bid to close the growing trillion-dollar trade finance gap 13 April 2023 – Global Shipping Business Network (GSBN), an independent, not-for-profit technology consortium building a blockchain-enabled operating system designed to redefine global trade, announced that it has completed a ground-breaking proof-of-concept with HSBC to harness confidential computing technology through Decentriq Data Clean Rooms to transform global trade finance. Trade finance is the lifeblood of global trade, yet the financing gap is estimated to reach US$2.5 trillion by 2025, according to the World Economic Forum. One of the reasons why funding applications are rejected is due to […]
- [GSBN signs MoU with SABIC, COSCO SHIPPING, Hutchison Ports and PSA to enable paperless trade](https://gsbn.trade/gsbn-signs-mou-with-sabic-cosco-shipping-hutchison-ports-and-psa-to-enable-paperless-trade/): Updated: Mar 18, 2024 Five-way MoU signed at the ICC Future Trade Forum in Singapore set to further drive digitisation through the adoption of electronic Bill of Lading 30 March 2023 – Global Shipping Business Network (GSBN), an independent not-for-profit technology consortium building a trusted platform designed to redefine global trade, shipper Saudi Basic Industries Corporation (SABIC), carrier COSCO SHIPPING Lines (COSCO SHIPPING), together with global terminal operators Hutchison Ports and PSA International (PSA), have signed a non-binding memorandum of understanding (MoU) to enable paperless trade. The five-way MoU was signed during a signing ceremony held at the ICC Future […]
- [GSBN collaborates with COSCO SHIPPING, OOCL & SICIT to enhance safe transportation of chemical cargo](https://gsbn.trade/gsbn-collaborates-with-cosco-shipping-oocl-sicit-to-enhance-safe-transportation-of-chemical-cargo/): Industry first proof-of-concept for the sharing of Safe Transportation Certification achieved with Midea 9 March 2023 – Global Shipping Business Network (GSBN), an independent, not-for-profit technology consortium building a blockchain-enabled operating system designed to redefine global trade, today announces its collaboration with COSCO SHIPPING Lines (COSCO SHIPPING), Orient Overseas Container Line (OOCL), and the Shanghai Research Institute of Chemical Industry Testing Co., Ltd (SICIT), to improve the safe transportation of chemical cargo by harnessing blockchain technology. Together, the four companies have leveraged blockchain technology to achieve an industry first proof-of-concept that helps enhance transportation safety in the shipping industry. As […]
- [Major milestone achieved with first bulk electronic Bill of Lading issued over GSBN](https://gsbn.trade/major-milestone-achieved-with-first-bulk-electronic-bill-of-lading-issued-over-gsbn/): Updated: Mar 9, 2023 COSCO Specialized Carriers joins the global consortium to drive for paperless trade 17 January 2023 – Global Shipping Business Network (GSBN), an independent, not-for-profit technology consortium building a blockchain-enabled operating system designed to redefine global trade, announced that COSCO Shipping Specialized Carriers has joined the consortium as a member and successfully issued the first electronic bill of lading (eBL) for bulk cargo. COSCO Shipping Specialized Carriers focuses on the transportation of special cargo including oversized, super-heavy and bulk cargo that are not suitable for containers. Given the nature of such cargo, shipping usually requires a longer […]
- [Blockchain & Data Clean Rooms](https://gsbn.trade/blockchain-data-clean-rooms/): GSBN & Decentriq partner to power the most innovative, secure and privacy-safe consortium in the global trade industry. 30 November 2022, Hong Kong SAR – GSBN has dedicated itself in enabling the sharing of trusted shipping data to drive the digitisation of the industry and create value for all participants in the ecosystem. The GSBN platform is built upon blockchain technology and there is a strict access policy to govern the visibility of information by role. The policy as designed strictly follows a need-to-know basis. However certain scenarios require more complex data sharing processes than from a single data contributor. […]
- [GSBN partners with project44 to enhance supply chain visibility and address the global trade finance](https://gsbn.trade/gsbn-partners-with-project44-to-enhance-supply-chain-visibility-and-address-the-global-trade-finance/): GSBN and project44 to join forces with consortium members to combine bill of lading and supply chain visibility data 14 October 2022, Hong Kong SAR – Global Shipping Business Network (GSBN), an independent, not-for-profit technology consortium building a blockchain-enabled operating system designed to redefine global trade, and project44, the leading supply chain visibility platform, today announced a partnership with the shared goal to enhance supply chain visibility and help address the global trade finance gap. The partnership will see GSBN’s data utility infrastructure connect with project44’s leading supply chain visibility data to foster collaboration between all stakeholders across the supply […]
- [GSBN achieves industry milestone with trade finance application enabled by trusted shipping data](https://gsbn.trade/gsbn-achieves-industry-milestone-with-trade-finance-application-enabled-by-trusted-shipping-data/): Pilot with Bank of China (Hong Kong), Hapag-Lloyd and A & W Food Service (Hong Kong) Ltd on the exchange of Shipping Data for Invoice Financing 29 September 2022, Hong Kong SAR – Global Shipping Business Network (GSBN), an independent, not-for-profit blockchain consortium founded by major shipping lines and global terminal operators, has 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 (Hong Kong) Ltd, the pilot transaction was completed in […]
- [GSBN's TFAG Develops Proofs-of-Concepts to Bridge Growing Global Trade Finance Gap](https://gsbn.trade/gsbns-tfag-develops-proofs-of-concepts-to-bridge-growing-global-trade-finance-gap/): Partner institutions BOCHK, DBS Bank and HSBC design new trade finance data protocol 4 May 2022, Hong Kong SAR – Global Shipping Business Network (GSBN), an independent, not-for-profit technology consortium building a blockchain-enabled operating system designed to redefine global trade, today announced that its Trade Finance Advisory Group has reached a new milestone, with its first proofs-of-concepts for trade finance products since its inception in September last year. Comprised of Bank of China (Hong Kong) Limited (BOCHK), DBS Bank and The Hongkong and Shanghai Banking Corporation Limited (HSBC), GSBN’s Trade Finance Advisory Group aims to build upon blockchain technology to […]
- [GSBN’s Cargo Release gains momentum in Europe following successful deployments in China and SEA](https://gsbn.trade/gsbns-cargo-release-gains-momentum-in-europe-following-successful-deployments-in-china-and-sea/): GSBN’s Cargo Release gains momentum in Europe following successful deployments in China and Southeast Asia Consortium’s flagship digital solution rolls out in Rotterdam 24 March 2022, Hong Kong SAR – Global Shipping Business Network (GSBN), an independent, not-for-profit technology consortium to build a blockchain-enabled operating system designed to redefine global trade, today announced its expansion into Europe with Cargo Release piloting in Rotterdam in The Netherlands. Cargo Release is GSBN’s proven blockchain-enabled application which offers a paperless, highly efficient, and transparent solution connecting everyone involved at the port of import including shipping lines, consignees, their agents, and terminals. The announcement […]
- [GSBN joins Hyperledger Foundation to accelerate blockchain solution development in global trade](https://gsbn.trade/gsbn-joins-hyperledger-foundation-to-accelerate-blockchain-solution-development-in-global-trade/): The shipping sector is undergoing a once-in-a-lifetime digital leap, evolving from a traditional sector heavily reliant on paper, to one which is paperless, digital, and highly efficient. The GSBN consortium is committed to becoming a driving force during this evolution through our blockchain-enabled operating system to redefine global trade. Today’s global supply chains are hugely complex with disparate and often competing market participants. We believe that enterprise-grade blockchain technology can offer the necessary foundations to navigate these challenges and facilitate trusted data exchange. Indeed, in the same way the shipping sector continues to evolve, blockchain technology does not stay static […]
- [BOC, DBS and HSBC join GSBN to form Trade Finance Advisory Group to Transform Global Trade](https://gsbn.trade/boc-dbs-and-hsbc-join-gsbn-to-form-trade-finance-advisory-group-to-transform-global-trade/): 15 September 2021, Hong Kong SAR – Global Shipping Business Network (GSBN), an independent, not-for-profit technology consortium to build a blockchain-enabled operating system designed to redefine global trade, welcomes Bank of China (“BOC”), DBS Bank (“DBS”) and The Hongkong and Shanghai Banking Corporation Limited (“HSBC”), to form the consortium’s Trade Finance Advisory Group. According to the International Chamber of Commerce (ICC), there is an estimated trade finance gap of USD 1.5 trillion projected to grow to USD 2.5 trillion by 2025. The mandate of the Trade Finance Advisory Group is to help bridge this financing gap by helping partner institutions […]
- [GSBN delivers blockchain platform for global trade with Oracle,Microsoft, AntChain and Alibaba Cloud](https://gsbn.trade/gsbn-delivers-blockchain-platform-for-global-trade-with-oraclemicrosoft-antchain-and-alibaba-cloud/): The consortium members handle 1 in 3 shipping containers in the world 9 September 2021, Hong Kong SAR – Global Shipping Business Network (GSBN), the independent, not-for-profit technology consortium to build a blockchain-enabled operating system designed to redefine global trade, announced that its blockchain platform built in partnership with Oracle, Microsoft, AntChain and Alibaba Cloud has officially gone live to accelerate digital transformation in the global trade sector. The consortium was first founded by 8 global shipping lines and terminal operators accounting for one in every three containers handled in the world. GSBN has been working with the four technology […]
- [Fast-growth shipping line CULines joins GSBN to drive digital transformation](https://gsbn.trade/fast-growth-shipping-line-culines-joins-gsbn-to-drive-digital-transformation/): Shipping line China United Ltd. (CULines) joined GSBN on September 1 as the consortium’s latest member to the consortium, designed to include global trade participants of all sizes in shipping and logistics. CULines and GSBN successfully held the online signing ceremony of the cooperation agreement. CEO of GSBN Bertrand CHEN and Chairman and CEO of CULines Raymond CHEN presented the ceremony and delivered remarks. CULines is a leading small to medium sized shipping enterprise in China, which has seen a rapid rise up the Alphaliner ranking over the past three years. By early September this year, Alphaliner ranked CULines 28th […]
- [GSBN’s Cargo Release rolls out across Southeast Asia](https://gsbn.trade/gsbns-cargo-release-rolls-out-across-southeast-asia/): GSBN’s Cargo Release rolls out across Southeast Asia GSBN is expanding its footprint into Hong Kong, Singapore and Thailand to modernize global trade and benefit even more stakeholders in the ecosystem 24 August 2021, Hong Kong SAR – Global Shipping Business Network (GSBN), the world’s first independent, not-for-profit technology consortium to build a blockchain-enabled operating system designed to redefine global trade, today announced that it has expanded its global footprint by rolling out Cargo Release to Hong Kong, Singapore and Laem Chabang in Thailand. Cargo Release offers a paperless, highly efficient and transparent solution connecting everyone involved at the port […]
- [Contour and GSBN partner to drive digitisation across global shipping industry](https://gsbn.trade/contour-and-gsbn-partner-to-drive-digitisation-across-global-shipping-industry/): Partnership increases speed of logistics and ease of conducting trade globally 17 August 2021: Digital trade finance network Contour has partnered with the Global Shipping Business Network (GSBN) to offer an end-to-end digital solution for all participants involved in trading, financing and shipping goods around the world. Pandemic-induced lockdowns and the subsequent explosive growth in e-commerce, have pushed the logistics industry to its limits, but inefficient manual processes are still commonplace and are creating bottlenecks. GSBN’s blockchain-enabled operating system and its product Cargo Release enables highly efficient and transparent digital sharing of verified logistics and cargo data. This streamlines business […]
- [8 Major China Shipping Port Groups Join GSBN’s Ecosystem to Embrace Digital Transformation of Global](https://gsbn.trade/8-major-china-shipping-port-groups-join-gsbns-ecosystem-to-embrace-digital-transformation-of-global/): Last week, and following the launch of Cargo Release, we signed a Memorandum of Understanding (MOU) with 8 major shipping port groups in China to accelerate the digital transformation of the shipping and logistics industry. The signing ceremony was witnessed by China’s Ministry of Transport, China Port Association, and some of our founding members. In many ways, the fully virtual ceremony is as symbolic as the rapid digitalization of the shipping industry in one of the world’s largest exporting nations. The port groups signing the MOU include Guangzhou Port Company Limited, Fujian Province Port Group Limited Liability Company, Zhejiang Provincial […]
- [GSBN’s blockchain-enabled Cargo Release launched across China](https://gsbn.trade/gsbns-blockchain-enabled-cargo-release-launched-across-china/): The blockchain-enabled operating system is designed to modernize and improve efficiency of global trade, significantly cutting the time for cargo to be released from days to hours 21 July 2021, Hong Kong SAR – The Global Shipping Business Network (GSBN), today announced the rollout of its first application Cargo Release starting in China, following the consortium’s incorporation earlier this year. GSBN is the world’s first independent, not-for-profit technology consortium to build a blockchain-enabled operating system designed to redefine global trade. The consortium was first founded by 8 global shipping lines and terminal operators accounting for one in every three containers […]
- [BOCHK and GSBN Sign Memorandum of Understanding to Promote Digital Transformation of Supply Chains](https://gsbn.trade/bochk-and-gsbn-sign-memorandum-of-understanding-to-promote-digital-transformation-of-supply-chains/): Updated: Mar 18, 2024 Bank of China (Hong Kong) (“BOCHK”) and Global Shipping Business Network (“GSBN”) sign a memorandum of understanding to promote digital transformation of supply chains for the shipping industry. The collaboration will help streamline the trade finance process, thereby increasing efficiency and security of trade finance as well as enhancing users’ experience. BOCHK is the first financial institution partner with GSBN to foster digital transformation of supply chains. Ms Teng Linhui, General Manager, Transaction Banking Department, BOCHK, said, “BOCHK is committed to strengthening its cooperation with the shipping industry, with an aim to accelerate process optimisation, information […]
- [Global Shipping Business Network Successfully Incorporated to Accelerate the Digital Transformation](https://gsbn.trade/global-shipping-business-network-successfully-incorporated-to-accelerate-the-digital-transformation/): Hong Kong March 17, 2021 – Global Shipping Business Network (GSBN) 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. GSBN has been established on a not-for-profit basis to enable stakeholders involved in global trade to increase delivery reliability, streamline operations, and embrace digital transformation. Its shareholders are comprised of major global Carriers and Terminal Operators: COSCO SHIPPING LINES, COSCO SHIPPING PORTS, Hapag-Lloyd, Hutchison Ports, OOCL, SPG Qingdao Port, PSA International and Shanghai International Port Group. COVID-19 and Digital […]

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