Chongqing - The New Land-sea Corridor Operation Co., Ltd. announced its collaboration with the Global Shipping Business Network (GSBN) in Hong Kong on May 16, setting in motion plans to advance paperless cargo release at inland dry ports and seaports along the New International Land-sea Trade Corridor (ILSTC).
In addition, the parties intend to streamline the online recognition and exchange of digital bills of lading for single windows and ocean vessels, aiming to reduce manual logistics procedures and enhance cargo transportation efficiency.
Established by eight globally prominent shipping and port groups, GSBN is an independent, non-profit technology alliance headquartered in Hong Kong.
GSBN's core purpose, driven by the collaboration and building of its blockchain platform, is to expedite the sharing of trusted logistics and cargo data while encouraging cooperative ventures among supply chain participants, including shipping companies, ports, banks, and fintech firms.
Over 20 international shipping and port groups have already joined the GSBN alliance, contributing to the expansion of the global digital trade ecosystem and propelling the digital transformation of international trade. These groups account for over a third of the global container handling volume.
The New Land-sea Corridor Operation Co., Ltd. will team up with other GSBN alliance members through GSBN's digital bridge, aiming to boost the digital logistics, trade, and finance aspects of the ILSTC.
Digitalization is evolving rapidly, demonstrating the far-reaching scope and significant impact, and has become a key driver in transforming global resource allocation, economic landscapes, and competitive dynamics.
The advantages of blockchain technology in the digital overhaul of the logistics industry are undeniable due to its inherent security and traceability, ensuring stable and efficient supply chain operations.
For ILSTC, digitalization represents the future trend. With this in mind, Chongqing proposes constructing a cooperative digital channel platform by exploring new international standards for digital channels, among other initiatives.
Wang Yupei, Chairman of the New Land-sea Corridor Operation Co., Ltd., highlighted that ILSTC's adoption of the digital wave is crucial for resource integration, and he looks forward to deeper collaboration with GSBN in areas such as digital logistics, trade, finance, and more.
In recent years, the company has been championing the in-depth integration of digital technology and channel construction to boost the digital and corridor economy.
Moving forward, the company will concentrate on the digital transformation of the corridor, deeply incorporating technologies like 5G, artificial intelligence, big data, blockchain, the Internet of Things, and supply chains to improve digital operational service capabilities.
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