Global Shipping Business Network is an independent, non-profit technology consortium building a blockchain-enabled operating system designed to redefine global trade, has achieved to expand its application, named Cargo Release, in Latin America, starting with ports in Mexico and Panama.
Cargo Release offers a paperless, efficient and transparent solution that connects all stakeholders at the port of import, including shipping lines, consignees, their agents and terminals.
Bertrand Chen, CEO of GSBN: "As global trade continues to face an evolving and increasingly dynamic environment, digitisation is playing a critical role in helping the shipping sector adapt. Mexico and Panama are strategically important locations for global supply chains, and we hope the rollout of Cargo Release will help further accelerate the digital leap the shipping sector is undergoing."
GSBN's Cargo Release is expected to reduce the time for cargo to be document-ready for release from days to hours.