Hong Kong-based GSBN hopes to onboard Maersk on its blockchain supply chain platform one day.
Maersk terminated its blockchain-based supply chain platformHong Kong-based Global Shipping Business Network , a non-profit consortium focused on blockchain trade applications, is bullish on blockchain as a crucial logistics tool in the long term.one of the world’s largest platforms that can be described as an alternative to Maersk’s TradeLens tool.
Despite major industry firms like Maersk terminating similar projects, GSBN CEO Bertrand Chen is confident that blockchain is yet to catch on in the industry, but its adoption may take another decade. “Because of COVID-19, because you have to change the process, I think this is one of the regular use cases of blockchain [...] Probably that’s better than NFTs of digital art. NFTs of documents for global trade — this will be the real killer use case.”. He also acknowledged that many local blockchain solutions have so far been highly specific to China.“When you throw so much money in one sector because it’s a policy, you’re bound potentially to be able to get lucky,” Chen said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Right time’ for Hong Kong’s Web3 push despite market flux — Financial SecretaryThe Financial Secretary of Hong Kong, Paul Chan, believes now is the right time to keep developing and growing the Web3 industry in Hong Kong, despite the fluctuating markets.
Read more »
‘Stonewalling’ Wins Best Film And Best Actress At Hong Kong International Film FestivalStonewalling, co-directed by Huang Ji and Otsuka Ryuji, was the big winner at Hong Kong International Film Festival (HKIFF), taking home three prizes including best film in the Young Cinema Competi…
Read more »
'Highly important' Chinese bowl fetches over $25 million at auctionA delicate porcelain bowl, measuring under 4.5 inches in diameter, sold for more than $25 million during a bumper week of Chinese art sales in Hong Kong.
Read more »
5 Moments In Episodes 17-18 Of “Our Blooming Youth” Where Hong Soo Hyun Plants Discord5 Moments In Episodes 17-18 Of “Our Blooming Youth” Where Hong Soo Hyun Plants Discord
Read more »
5 Moments In Episodes 17-18 Of “Our Blooming Youth” Where Hong Soo Hyun Plants Discord5 Moments In Episodes 17-18 Of “Our Blooming Youth” Where Hong Soo Hyun Plants Discord
Read more »
Louisville customs agents seize 2,760 pieces of counterfeit jewelry worth $4.41 millionCustoms and Border Protection personnel in Louisville announced Friday the seizure of 2,760 pieces of counterfeit jewelry sent from Hong Kong this week that, if real, would have been worth $4.41 million.
Read more »