Global Shipping Business Network (GSBN), an independent, non-profit technology consortium developing a blockchain-enabled operating system, is partnering with project44, a supply chain visibility platform.
The shared goal of the two partners is to enhance supply chain visibility and address the global trade finance gap, according to a statement.
Both project44 and GSBN will also join forces with other consortium members to create a new data bundle that will combine both bill of lading and supply chain visibility data.
This is expected to benefit Free Trade Zones, as well as financial institutions by breaking down data siloes to help close the growing multi-trillion-dollar global trade finance gap.
Benn Bekic, chief development officer at project44, commented, “GSBN is a fellow pioneer in the digitisation of global supply chains with a growing footprint spanning from Asia to Latin America and we are thrilled to be collaborating more closely with the consortium’s members.”
