Alibaba joins blockchain Bill of Lading initiative

Chinese e-commerce and technology group Alibaba has signed up to the International Port Community Systems Association’s (IPCSA) blockchain Bill of Lading initiative and embarked on a new blockchain project in the organisations’ joint Logistics Visibility Task Force.

The joint work is aiming at standardisation and proof-of-concept (POC) of blockchain application in logistics and e-commerce.

IPCSA member Israel Ports Company, which operates the Israeli Ports Community System (IPCS), is leading the initiative, having run several successful pilots this year for transferring electronics Bills of Lading using blockchain technology.