GSBN announced that its blockchain platform built in partnership with Oracle, Microsoft, AntChain and Alibaba Cloud has officially gone live aiming to accelerate digital transformation in the global trade sector.

To build the underlying blockchain network for its global trade operating system, GSBN partnered with Oracle to harness its Oracle Blockchain platform in Oracle Cloud, which is recognised as one of the leading distributed ledger platforms for building an enterprise-grade, permissioned blockchain. 

For the platform layer, GSBN chose to harness Microsoft Azure Southeast Asia Region in Singapore for its high scalability, functionality and security. Furthermore, Azure’s Availability Zones ensure high service reliability and availability.

For deployment in China, Ant Group’s AntChain was selected. With its blockchain, secure computing, IoT and other innovative technologies, AntChain provides an enterprise-grade, efficient and reliable platform. This is further supported by Alibaba Cloud, which has been recognised as first in Asia Pacific for Infrastructure as a Service by research firm Gartner in the past few years.

Earlier this year, GSBN selected IQAX as the technology partner to develop and operate the blockchain platform. 

Source: Seatrade Maritime News