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And among these, the bill of lading is the most important transport document in international trade,” says André Simha, global chief digital and information officer at MSC. “Traditionally, the shipping industry has relied quite heavily on physical paper documents.
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The solution, which MSC is launching today, uses distributed ledger technology to enable shippers and other supply chain stakeholders to receive and transmit the bill of lading electronically through a secure, decentralised network – helping reduce delays caused by traditional paper documents, and also reducing the risk of fraud or duplication. Swiss-Italian shipping giant MSC, a member of blockchain-powered global trade platform TradeLens, is introducing Wave BL’s electronic bill of lading (eBL) for its customers around the world, following two years of pilot testing.
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