Chinese port joins CMA CGM and Cosco in blockchain partnership

State-owned Chinese port Qingdao is joining a blockchain platform partnership, which include players such as Cosco and CMA CGM.

AP / CHINATOPIX/Ritzau Scanpix
Photo: AP / CHINATOPIX/Ritzau Scanpix

The port operator behind the Port of Qingdao is becoming a member of of the blockchain partnership, Global Shipping Business Network (GSBN), writes Lloyd's List.

The state-owned port is hereby the most recent member of the digitalization consortium, established in November last year by CMA CGM and seven other large carriers along with the similarly Chinese state-owned Cosco Shipping, which, according to the media, owns roughly 20 percent of the port operator.

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