Here's how Tesla and BMW are leading a supply chain renaissance with blockchain:
The blockchain consortia
, which is subject to obtaining the requisite regulatory approvals before its official establishment, consists of the industry-leading ocean carriers operatorsand port terminals like COSCO SHIPPING Ports, Port of Qingdao, PSA International, and Shanghai International Port Group and Hutchison Ports . CargoSmart is using the Hyperledger Fabric blockchain and recently did a pilot project with terminal operator Shanghai International Port Group SIPG and ocean carrier, COSCO. In this, in line with the industry trend of digitalization of the usually very paper-intensive process, the handling of documents was done on a blockchain.
The GSBN aims to accelerate digital transformation of the shipping industry. It intends to provide a platform for all shipping supply chain participants to work collaboratively to accelerate technology innovation and develop solutions through trusted and secure data exchange platforms.
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