COSCO SHIPPING Issues 100,000th E-Bill of Lading

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On November 24, the 100,000th blockchain-based electronic bill of lading from COSCO SHIPPING was issued to a cross-border e-commerce customer in Shenzhen by COSCO SHIPPING Lines.

Since the beginning of 2023, COSCO SHIPPING has provided secure and efficient blockchain-based electronic bill of lading services to over 7,500 customers. These customers include bulk and oil transportation customers with large volumes, those requiring diverse transportation services, and small, medium, and micro customers from various industries.

COSCO SHIPPING connects upstream and downstream partners through the Global Shipping Business Network (GSBN) platform, establishing an efficient and trustworthy digital ecosystem. We work closely with ecological partners, integrate industry boundaries using data, and build a new digital trade ecology based on mutual trust, making trade easier through digital empowerment.

Additionally, at the recently concluded 2nd Global Digital Trade Expo, GSBN won the Digital Trade Gold Award (DT Award) for its business innovation of blockchain-based electronic bill of lading.

At the 1st China International Import Expo (CIIE) in 2018, COSCO SHIPPING Lines was one of the initiators and led the establishment of GSBN, aiming to combat industry fragmentation and create value for all participants through extensive connections.

As of October 2023, nearly 30 companies, including airlines, ports, third-party issuers, finance, and insurance, have officially joined GSBN. Based on GSBN, COSCO SHIPPING has launched a blockchain-based paperless cargo release product deployed in major domestic hub ports and promoted to several overseas countries, significantly reducing import cargo release time from 1-2 days to less than 4 hours.

อัพเดตข่าวสารและบทความที่น่าสนใจในอุตสาหกรรมโลจิสติกส์ก่อนใคร ผ่าน Line Official Account @Logistics Mananger เพียงเพิ่มเราเป็นเพื่อน @Logistics Manager หรือคลิกที่นี่

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Ryan Finn
Ryan is the Digital Marketing and Content Creation Manager for Trade and Logistics Siam Ltd. He provides a creative flair to the team and his resourcefulness helps to bring an imaginative improvement to both literary archetypes and online content production. A writer by day and a rider by night, when he's not composing the latest logistics news update or creating compelling copy for our clients, Ryan spends his free time travelling Thailand by motorbike.