\n Solution provider to spearhead the acceleration of digitalization in the shipping and logistics ecosystem for transparency and a harmonized global trade environment <\/p>\n
HONG KONG SAR
As a trusted partner IQAX will
Over the past year, the global
IQAX strives to create a
IQAX inherits the initial
Bertrand Chen, Chief Executive
Moving forward, IQAX will help
Sign
\n–\u00a0Media OutReach<\/a>\u00a0– 17 March 2021 – IQAX
\nLimited<\/a>, a leading-edge information technology company
\nproviding intelligent digital solutions for global shipping and trade, today
\nannounced it has been officially commissioned by the Global Shipping Business
\nNetwork (GSBN) to develop, enhance and operate the world-class blockchain
\nplatform. The platform will enable real-time data sharing among authorized
\nparties using blockchain technology for more transparent end-to-end supply
\nchain visibility.<\/p>\n
\n
<\/p>\n
\nenable GSBN and its future members to develop standards and functionalities to
\nseamlessly connect stakeholders in the global shipping and trading ecosystem while
\nensuring data integrity, security and service excellence are maintained.<\/p>\n
\n
<\/p>\n
\nhealth crisis catalyzed the need for business data and transparency in the
\nsupply chain as many businesses worked remotely, minimized contact points, and responded
\nto the rapid changes in consumer demand. Many of those in the transportation
\nand logistics sector faced mounting pressure on operations due to various challenges
\nfrom labor availability, restrictive health protocols, to shifting trade patterns.
\nIn this environment, the need for a blockchain platform to facilitate tight,
\nmultiple-domain cooperation amongst every party in the global supply chain has
\nbecome more important than ever before.<\/p>\n
\n
<\/p>\n
\nharmonized global trade environment for the stakeholders in the multiple-domain
\necosystem through its application development effort, products and services. Building
\nsolutions based on digital technologies including blockchain, IOT and AI, IQAX
\nis connecting parties across multiple domains and creating intelligent
\nsolutions which help businesses embrace digitalization, information sharing and
\nanalysis, and respond faster to supply chain disruptions.<\/p>\n
\n
<\/p>\n
\ndevelopment of the blockchain platform from its business affiliate, CargoSmart
\nLimited. Evolving and expanding upon its blockchain focus, IQAX will enable
\ndecentralized collaboration and governance to optimize cross-domain synergies
\nand facilitate multiple-domain connectivity for the broader shipping ecosystem.<\/p>\n
\n
<\/p>\n
\nOfficer, Global Shipping Business Network, said “We are pleased to have IQAX as
\nthe platform provider for GSBN. We share the same vision of enabling and
\naccelerating the digital transformation of the shipping industry. Through the
\nplatform built by IQAX, we will be able to bring all stakeholders together in a
\nsecure, neutral, trusted and equitable way, from logistics service providers to
\nfinancial institutions. We aim to increase the speed of logistics and the ease
\nof conducting trade globally, ultimately benefitting all parties involved. We
\nare here to simplify trade for all.”<\/p>\n
\n
<\/p>\n
\nGSBN drive digitalization mandates that best meet the needs of the global trade
\necosystem. IQAX plans to build on its vision to digitalize to create a
\nharmonized global trade environment, as well as offering technologically
\nadvanced applications for shippers and logistics service providers to address current
\nchallenges through smart solutions which enable contactless interactions,
\ntracking of physical cargo and alerts with recovery recommendations.<\/p>\n
\n
<\/p>\n
\nup for updates about solutions to increase visibility for the global trade ecosystem
\nat www.iqax.com<\/a>,
\nand follow IQAX on ![](\"https:\/\/www.media-outreach.com\/Release\/templates\/images\/socialMedia\/iconmonstr-linkedin-1-24.png\"\/)
LinkedIn<\/a> and ![](\"https:\/\/www.media-outreach.com\/Release\/templates\/images\/socialMedia\/iconmonstr-twitter-1-24.png\"\/)
Twitter<\/a>.<\/p>\n<\/p><\/div>\n