From Splash 24/7:
News carried on this site on Tuesday that Chinese state-run shipping giant Cosco Shipping has entered into an agreement with e-commence conglomerate Alibaba and its fintech affiliate Ant Group to collaborate on blockchain applications in shipping has sparked plenty of conjecture about the scope and aims of the collaboration. Splash columnist Kris Kosmala takes a closer look at the deal.....MORE
It was well understood that both companies have an opportunity to inject new thinking into the technology domain of the carriers associated with the GSBN and TradeLens initiatives. The financial expertise of Ant will be important to integrate in one place the transaction of sending a physical box of goods and settling all financial aspects of that shipment.The joint initiative of Cosco and Alibaba, as well as the related agreement between Alibaba and China Merchants Ports (CMPort) bodes well for innovation in supply chain execution. Alibaba’s experience in digitalising supply chain transactions is comparable to that of Amazon with the exception of deep integration into the financial sphere of commerce, where Alibaba has established an enviable lead over its US-based competitor.Shippers won’t have any patience for competition
There are some that view the Cosco and Alibaba initiative as a competition to the Maersk/IBM TradeLens platform....
Possibly also of interest:
Shipping: Every Link In The Global Trade Supply Chain That Blockchain Could (maybe) Transform
Previously:
Gartner: Industry will need to replace 90% of blockchain platforms by 2021
Rising Stars in Transportation and Logistics
Shipping: French Giant CMA CGM Looking to Expand Logistics Business with Investment in CEVA Logistics
Shipping: Carriers Fear Becoming the "Uber Drivers of the Sea" (but quants to the rescue?)
Shipping: Freight Forwarder Flexport: "...Digitizing The Entire International Shipping Process"
"10 Startups Making Ocean Container Shipping Easier"
Shipping: "Amazon vs Maersk: The clash of titans shaking the container industry"
"TEU Tokens and Blockchain Could Shape the Future of Container Shipping"
"Maersk Tankers invests in quantitative hedge fund CargoMetrics"
Shipping: Despite $300 Million Revenue Hit From Cyber Attack Maersk Is Upbeat
Shipping: "The True Implications of the Technology Revolution"
Shipping: Following Maersk,"Now CMA CGM signs with Alibaba for online booking of container space"
Shipping: A Warning To Freight Forwarders, The Good Times Are Over
Shipping: "Amazon Enters Trillion Dollar Ocean Freight Business" (AMZN)
Shipping: Maersk, Alibaba Team Up To Offer Space On Container Ships.
