Key Takeaways
- Partnership for Sustainability: COSCO Shipping and GSBN have joined forces to promote sustainable global trade based on blockchain technology.
- Corporate response to environmental issues: As concerns about their carbon footprint grow, large corporations are increasingly choosing eco-friendly solutions. Many companies, including COSCO Shipping, are embracing biofuels and obtaining green certification to demonstrate their commitment to environmental sustainability.
- Initial green delivery certificate: In a significant milestone, COSCO Shipping has issued its first green shipping certificate to Volvo’s Asia Pacific headquarters. This certificate, utilizing GSBN’s blockchain technology, means utilizing COSCO’s Hi ECO product.
- Establish transparency: GSBN’s blockchain-based network aims to establish transparency by tracking the entire process of biofuel procurement. This initiative is important to establish a transparent and sustainable chain of custody for biofuels and ensure the integrity of environmental claims.
- Positive progress toward authenticity: Bertrand Chen, CEO of GSBN, highlighted the successful completion of the pilot with COSCO as a positive step to ensure the authenticity of green claims. This collaboration sets a precedent for greater transparency and accountability in the shipping industry’s sustainability efforts.
How does a Green Shipping Certificate help you?
COSCO Shipping issued its first green shipping certificate to Volvo’s Asia Pacific headquarters in December 203. Leveraging GSBN’s blockchain technology, this certificate marks COSCO’s use of Hi ECO products. This confirms the company’s commitment to environmental sustainability.
Key stakeholders and contributions
| stakeholders | donation |
|---|---|
| Costco delivery | Partnership with GSBN for Hi ECO blockchain-based delivery product |
| We confirm our commitment by issuing a green transport certificate. environmental sustainability |
|
| GSBN | Building a traceable blockchain-based network Verifiable green certificate |
| Screening may have associated costs. | |
| volvo | Received the first green transport certificate from COSCO; Demonstrate adoption of eco-friendly practices |
The goal is to track the entire biofuel purchasing process to create a transparent and continuous chain of custody. Documenting everything from origin to consumption is important on the GSBN blockchain.
GSBN CEO Bertrand Chen acknowledged the successful completion of the pilot with COSCO. He emphasized that this was a positive step towards ensuring the authenticity of green claims.
The collaboration between COSCO Shipping and GSBN is an important milestone in the attempt to achieve more sustainable global trade. with blockchain Through the technology of issuing green transport certificates, the partnership emphasizes its joint commitment to environmental management. The vision of a greener, more sustainable transportation ecosystem can be realized, benefiting both companies and the planet, all with the help of blockchain.