Pacific International Lines (PIL) has collaborated with IBM Singapore (IBM) to design and create an electronic bill of lading (e-BL) to enhance the documentation process in supply management.
The two companies aim to improve efficiency and reduce the risk of fraud, document handling costs and loss of the original document through the use of the e-BL.
PIL and IBM plan to get rid of the hard copy paper trail and instead streamline and replicate it online on a blockchain ledger created by IBM.
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