Monday, June 23, 2025
Home News GSBN teams up with global tech giants for new blockchain platform

GSBN teams up with global tech giants for new blockchain platform

The independent technology consortium Global Shipping Business Network (GSBN) will develop a blockchain operating system in collaboration with Oracle, Microsoft, AntChain and Alibaba Cloud, to accelerate digital transformation in the global trade sector.

By using blockchain technology, the consortium, which was first founded by eight global shipping lines, is able to enable collaboration between disparate 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, the Hong-Kong-based nonprofit consortium, which accounts for one in every three containers handled in the world, 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, according to a statement.

To ensure the control of data by GSBN members, data is encrypted before it is sent to the platform, hence, GSBN cannot see the data without the members’ authorisation.

Last but not least, Ant Group’s AntChain, which provides an enterprise-grade and reliable platform with its blockchain, secure computing, Internet of Things (IoT) and other technologies, was selected by GSBN for deployment in China.

AntChain was listed by the research firm IDC as the top-ranked provider in the Blockchain-as-a-Service market of China in 2020 and is further supported by Alibaba Cloud which has also been recognised as first in Asia Pacific for Infrastructure as a service by the research firm Gartner in the past few years.

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





Latest Posts

We Asked AI: Container Ships in Ancient Worlds

Container Ships in Ancient Worlds Imagine a colossal container ship gliding through the Nile as pyramids rise in the distance, or docking at a bustling...

Scenario planning for Mediterranean ports growth amid ongoing tensions

The sustained growth of Mediterranean port traffic, driven by increased Asia-Europe trade and the Red Sea crisis, presents a dynamic landscape for global shipping. Assuming...

Thessaloniki port Revival: Balkan gateway reawakens

 For decades, Thessaloniki was a port with strategic promise but structural limitations, ideally located at the crossroads of Europe and the Balkans, yet constrained...

Vigor Marine Group’s consolidation signals US push to counter China’s shipbuilding dominance

In a bold move to strengthen America’s maritime capabilities, five leading US ship repair and marine service providers have united under a single banner. This...

AI reshape shipping operations

The integration of artificial intelligence into shipping operations, is poised to transform competition in the maritime industry by enhancing efficiency, safety, and sustainability while...
error: Content is protected !!