On the other hand, as a collaborative solution, there is a wariness about being locked into the base protocol. Each bill of lading named County Contractors as Shipper and the.
#Cosco tracking by bill of lading free#
On the one hand, the Ant Blockchain claims a reasonable performance rate of a billion transactions a day, equivalent to 11,500 transactions per second. Get free access to the complete judgment in Cosco Container Lines Company Ltd v.
The vast majority of blockchain protocols – the base blockchain layer – are open source, so a proprietary offering is a double-edged sword. Between Ant and Alibaba, they own the most blockchain patents worldwide. Proprietary solutionĪnt is keen to point out that the Ant Blockchain is a proprietary solution. The solution involves a paperless pick-up service for import customers with sea waybills or electronic bills of lading.Īpart from the GSBN, the other large container shipping network is TradeLens from IBM and Maersk. You just have to enter your Bill of Lading number in the dialogue box provided on. In late June, it announced it processed almost 500 containers, saving 24 hours for each container. The Cosco cargo tracking process is super easy. We rely on your consent for placing on your browser cookies which may collect. At the end of May, the companies signed a similar agreement with China Merchants Port group.Īdditionally, Alibaba recently joined the International Port Community Systems Association’s (IPCSA) blockchain bill of lading initiative.ĬOSCO has also been experimenting with blockchain with the Quingdao Port, which is part of the Shandong Port group. We use cookies as a fundamental part of our interaction with our users browsers. Enter COSCO Container Tracking Number / Bill of Lading No / Booking. “Through Ant Group’s blockchain technology, we look forward to supporting the digital transformation of the global shipping industry, and working with COSCO SHIPPING to make it easier and more efficient to trade globally,” said Eric Jing, Executive Chairman of Ant Group.Īnt and Alibaba appear to be targeting the shipping sector. After receipt of the set of copy shipping documents or related bill of lading and container numbers, from our export department, you are enabled to easily. We are happy to help you to locate and track your COSCO Container cargo consignment. Ant specifically highlighted supply chain finance, which is the top use case for enterprise blockchain in China. Blockchain aims to link all the organizations from logistics providers and shipping companies to ports and financiers. COSCO is the third largest container shipping company in the world and is also a member of Global Shipping Business Network (GSBN).Īnt stated the motivation is to address the complexity of the shipping process, the numerous steps involved with many participants.
Today Ant Group and Alibaba Group signed a deal with COSCO Shipping to explore using Ant Blockchain technology for the global shipping industry.