“We are expecting to realize integration between our digital platforms and GSBN’s blockchain platform, solve the problems of data and resources exchange for industry supply chain and simplify business operation process,” said Hu Haibing, chief accountant of Cosco Shipping Bulk.

Signing of the agreement marks Cosco Shipping Bulk to be valued as a crucial part for GSBN to expand business besides container sector and establish a more completed global blockchain platform.

Incorporated in Hong Kong, GSBN is an independent, not-for-profit technology consortium to build a blockchain-enabled operating system to redefine global trade. Cosco Shipping Group’s container shipping and port operation units of Cosco Shipping Lines and Cosco Shipping Ports are the two of the eight founders of GSBN.