On June 11th, international shipping company Panalpina
released details of its pilot for electronic bills of lading (e-BLs). The blockchain solution aims to digitize the traditionally paper-based documents which are crucial to freight administration. Panalpina is one of the top ten freight forwarders in the world.
The Swiss-based firm claims blockchain has fallen short of its potential – lots of proofs of concept, but not much actual use. Yesterday’s announcement points out the possible reasons for this lack of acceptance are missing standards and lack of trust in the new tech.
Panalpina proposes a solution which it claims is practical and realistic, hence encouraging broader adoption by those who are hesitant to trust blockchain. The firm, boasting over one million tons of transported air freight and almost 1.5 million TEUs of ocean freight last year, is a member of the Blockchain in Transport Alliance (
BiTA), a group that has a focus on setting blockchain industry standards.
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