MSC introduces new electronic bill of lading

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.