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.
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