MSC has introduced the electronic bill of lading (eBL) for its customers around the world, following a successful pilot phase, using a solution on an independent blockchain platform WAVE BL.
WAVE BL is a blockchain-based system that uses distributed ledger technology to ensure that all parties involved in a cargo shipment booking can issue, transfer, endorse and manage documents through a secure, decentralised network.
André Simha, global chief digital and information officer at MSC, said: “MSC has chosen WAVE BL because it is in the only solution that mirrors the traditional paper-based process that the shipping and cargo transportation is used to.
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