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Thursday, 08 November 2018 15:09

Consortium to build global shipping blockchain

A group of nine ocean carriers and terminal operators have agreed to form a consortium to develop the Global Shipping Business Network (GSBN), an open digital platform based on blockchain distributed ledger technology.

Pacific International Lines (PIL), PSA International and IBM Singapore have signed a Memorandum of Understanding (MOU) to explore and trial proof of concept (POC) blockchain-based supply chain business network systems.

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