Blockchain based bills of lading making rapid progress

Another one bites the dust.. By this I mean another company that is moving away from Paper Bill of Lading.. 🙂

It is inevitable that influential shippers and shipping lines are embracing tech one after the other.. Whether it is India’s first blockchain enabled Letter of Credit transaction, the first smart bill of lading issued using blockchain or the first blockchain based coffee exchange, technological innovations are here to stay in the shipping and freight industry..

G2 Ocean and Manuchar became the latest partnership to show that paper Bill of Lading is ready for retirement..  Together, they completed a successful pilot trial of CargoX’s blockchain-based Smart Bill of Lading Solution..

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Source: shippingandfreightresource.com