Maritime blockchain platform Global Shipping Business Network (GSBN) has signed a Knowledge Partnership Agreement with the Global Centre for Maritime Decarbonisation (GCMD) to support the secure and scalable exchange of data pertaining to decarbonisation initiatives.
GCMD is a non-profit organisation which aims to help the shipping industry lower Green House Gas (GHG) emissions to meet the International Maritime Organization’s goals for 2030 and 2050. Core to this goal is a need to accurately measure and track emissions reduction data across the supply chain.
Under the new partnership agreement, GCMD and GSBN will collaborate to identify use cases and co-design corresponding studies and pilots to demonstrate the effectiveness of using a blockchain platform for these purposes.
“We are excited to have GSBN come onboard as a Knowledge Partner,” said Professor Lynn Loo, CEO at GCMD.
“GCMD recognises the importance of data security and trust to improve decision-making, attract investment, and ultimately accelerate decarbonisation of the industry. GSBN’s specialisation in data infrastructure complements our domain and technical expertise in decarbonisation, the combination of which will increase transparency and build stakeholder confidence in our collective journey towards zero-carbon shipping.”