Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

GSBN delivers blockchain platform for global trade with Oracle, Microsoft, AntChain & Alibaba Cloud

The consortium members handle 1 in 3 shipping containers in the world

GSBN delivers blockchain platform for global trade with Oracle, Microsoft, AntChain & Alibaba Cloud
DC Velocity Staff
By DC Velocity StaffSep 09, 2021
DC Velocity Staff
See Full Bio

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 companies to build the infrastructure needed to enable modern, efficient and global trade. As an independent consortium, it chose a best of breed approach to technology to ensure the infrastructure is strong, reliable and highly scalable. To ensure the control of data by GSBN members, data is encrypted before it is sent to the GSBN platform, hence, GSBN cannot see the data without the members’ authorisation.

To build the underlying blockchain network for its global trade operating system, GSBN partnered with Oracle to harness its Oracle Blockchain platform in Oracle Cloud, which is recognised as one of the leading distributed ledger platforms for building an enterprise-grade, permissioned blockchain. By using blockchain technology, GSBN is able to enable collaboration between disparate and often competing market participants. For the platform layer, GSBN chose to harness Microsoft Azure Southeast Asia Region in Singapore for its high scalability, functionality and security. Furthermore, Azure’s Availability Zones ensure high service reliability and availability.

For deployment in China, Ant Group's AntChain was selected. With its blockchain, secure computing, IoT and other innovative technologies, AntChain provides an enterprise-grade, efficient and reliable platform, and was listed by research firm IDC as the top-ranked provider in the Blockchain-as-a-Service market of China in 2020. This is further supported by Alibaba Cloud, which has been recognised as first in Asia Pacific for Infrastructure as a Service by research firm Gartner in the past few years.

Earlier this year, GSBN has announced selecting IQAX as the technology partner to develop and operate the blockchain platform.

https://www.gsbn.trade/
Industry Press RoomTechnologyTransportationSC Services
gsbn
Industry Press RoomTechnologyTransportationSC Services
gsbn

The Latest

laptops and cables for hackers
Article

TSA rule would require cyber risk management for railroads

seegrid CEO and pallet AMRs
Internal Movement

Seegrid to end AMR sales through Raymond

indigo software screenshot WMS
Article

Aptean adds British WMS vendor in latest acquisition

More Stories

Conveyor Solutions, KVK, Electrical Services Group, SIM Aftermarket Services, and SIM Software, combine

Elgin, Il. - October 21, 2024 – Systems in Motion today announced that its new name and brand will be effective immediately. This name change is part of a rebranding initiative, but is also the culmination of the companies’ close working relationship for the past five years and represents their unified strength. Systems in Motion will continue to provide material handling services as a tier-one, turnkey material handling integrator.

The Systems in Motion name creates a single and powerful platform – one that embodies client and industry goals of moving forward – while understanding the complexities and unique objectives of every system. The new brand also signifies the culmination of investment in internal processes that streamline procedures, and deliver a seamless customer experience.

Keep ReadingShow less

Featured

Logistics economy grew in October
Featured

Logistics economy grew in October

autostore AS/RS at toyota materal handling site
Article

New AutoStore AS/RS at Toyota Material Handling’s DC will increase parts volume and fulfillment speed

Jeremy Van Puffelen of Prism Logistics
Article

InPerson interview: Jeremy Van Puffelen of Prism Logistics

Stampin’ Up!’s Riverton, Utah, distribution center
Article

Picking reimagined

HTL Freight Acquires CTS Logistics, Expanding into Managed Transportation

HTL Freight Acquires CTS Logistics, Expanding into Managed Transportation


September 24th, Charlotte, NC - HTL Freight, a rising leader in the third-party logistics (3PL), is pleased to announce the acquisition of CTS Logistics, a full-service managed transportation company (4PL) headquartered in Windham, NH. This acquisition, HTL Freight’s fourth major transaction since 2021, reinforces its commitment to delivering exceptional freight solutions across North America.

Keep ReadingShow less
ETIHAD CARGO celebrates 20 years of successful operations in India

ETIHAD CARGO celebrates 20 years of successful operations in India

Abu Dhabi, United Arab Emirates – Etihad Cargo, the cargo and logistics arm of Etihad Airways, is celebrating 20 years of operations in India, a milestone that reflects the airline's ongoing commitment to the Indian market since its first flight to Mumbai on 26 September 2004. Over the years, Etihad Cargo has expanded its presence in India, now offering belly hold capacity via nonstop services between Abu Dhabi and 12 major Indian cities, with plans for further growth.

Etihad Cargo handles over 46,000 tonnes of cargo annually ex India, connecting the country to over 100 global destinations via its Abu Dhabi hub via 588 widebody and narrowbody rotations each month. To meet the needs of specific sectors, Etihad Cargo has enhanced its product range, adding new features and launching new products. Key commodities handled include electronics, including mobile phones and semiconductors, garments, pharmaceuticals, perishables, e-commerce, automobile components and courier shipments, reflecting the diversity and strength of India's manufacturing and export sectors.

Keep ReadingShow less

Xtreme Trucking selects HOPTEK’s Dispatch Engine® solution forreal-time visibility and optimization of fleet operations

Charlotte NC, September 23, 2024 (McLeod User Conference ) – HOPTEK, a global leader in AI-driven trucking and fleet transportation solutions, has been selected by Xtreme Trucking of Wisconsin, one of the U.S.’s leading technology-first transportation and logistics providers, for its Dispatch Engine® solution, a digital platform providing instant visibility and access to the spot load market, while matching available carrier capacity across thousands of possible options. HOPTEK’s “digital twin” will provide real-time visibility and enable Xtreme to boost operational efficiency and fleet utilization, while reducing driver turnover and deadhead miles, resulting in material cost savings and profitability.

Started as a small independent operation in 2006, Xtreme Trucking was formally established in 2009 to become a quality diversified transportation provider, with a growing revenue profile and extensive coverage across the United States. Through HOPTEK’s Dispatch Engine®, Xtreme has leveraged real-time data visibility and dynamic decision-making to drive operational velocity to achieve up to a 20% increase in both Revenue per Hour and Weekly Revenue Miles per Driver – a clear competitive advantage.

Keep ReadingShow less
Nulogy and Kinaxis Announce Partnership to Accelerate Synchronization for Manufacturing Supply Chain

Nulogy and Kinaxis Announce Partnership to Accelerate Synchronization for Manufacturing Supply Chain

Nulogy, a leading provider in supply chain collaboration solutions, and Kinaxis, a global leader in supply chain orchestration, have announced a partnership to develop cutting-edge solutions for brand manufacturing supply chain networks worldwide.

The new partnership aims to catalyze fast-moving consumer goods (FMCG) and life science brands and their supplier networks to work together more effectively through digital transformation solutions, thereby mutually improving costs, service and revenue. Combining the supply chain orchestration capabilities of Kinaxis with the collaborative external manufacturing specialization of Nulogy will enable customers to share forecasts and order information with suppliers and receive inventory capacity information faster.

Keep ReadingShow less
Copyright ©2024.