Container liners’ blockchain system goes live – ShipInsight

Hong Kong-based International Transport Enterprise Community (GSBN), an unbiased, not-for-profit know-how consortium to construct a blockchain-enabled working system designed to redefine international commerce, introduced that its blockchain platform in-built partnership with Oracle, Microsoft, AntChain and Alibaba Cloud has formally gone stay to speed up digital transformation within the international commerce sector.

The consortium was first based by eight international delivery traces and terminal operators accounting for one in each three containers dealt with on this planet. Members embrace COSCO SHIPPING Traces, COSCO SHIPPING Ports, Hapag-Lloyd, Hutchison Ports, OOCL, SPG Qingdao Port, PSA Worldwide, and Shanghai Worldwide Port Group.

GSBN has been working with the 4 know-how corporations to construct the infrastructure wanted to allow fashionable, environment friendly and international commerce. As an unbiased consortium, it selected a better of breed strategy to know-how to make sure the infrastructure is robust, dependable and extremely scalable. To make sure the management of information by GSBN members, knowledge is encrypted earlier than it’s despatched to the GSBN platform, therefore, GSBN can’t see the info with out the members’ authorisation.

To construct the underlying blockchain community for its international commerce working system, GSBN partnered with Oracle to harness its Oracle Blockchain platform in Oracle Cloud, which is recognised as one of many main distributed ledger platforms for constructing an enterprise-grade, permissioned blockchain. Through the use of blockchain know-how, GSBN is ready to allow collaboration between disparate and infrequently competing market individuals. For the platform layer, GSBN selected to harness Microsoft Azure Southeast Asia Area in Singapore for its excessive scalability, performance and safety. Moreover, Azure’s Availability Zones guarantee excessive service reliability and availability.

For deployment in China, Ant Group’s AntChain was chosen. With its blockchain, safe computing, IoT and different progressive applied sciences, AntChain gives an enterprise-grade, environment friendly and dependable platform, and was listed by analysis agency IDC because the top-ranked supplier within the Blockchain-as-a-Service market of China in 2020. That is additional supported by Alibaba Cloud, which has been recognised as first in Asia Pacific for Infrastructure as a Service by analysis agency Gartner up to now few years.

Earlier this 12 months, GSBN had introduced choosing IQAX because the know-how associate to develop and function the blockchain platform.