The Digital Container Shipping Association (DCSA), in a recent whitepaper, revealed it is developing open source standards for electronic bills of lading (eBL). The non-profit sees blockchain as a promising solution for securing eBL in shipping transactions.
Launched in April last year, the DCSA’s members include many of the world’s biggest shipping companies, including A.P. Moller – Maersk, CMA CGM, Hapag-Lloyd, MSC and ONE.
Bills of lading are crucial documents because they don’t just serve as a receipt for the cargo loaded on the vessel, but also represent legal title to the goods. They’re often couriered separate to the cargo, and hence there’s a risk of fraud.
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