Yesterday, the FIT Alliance launched the “Declaration of the electronic Bill of Lading” (eBL) to get global commitments to digitalize trade. Eight out of ten eBL solutions use blockchain.
Earlier this year FIT Alliance member, the Digital Container Shipping Association (DCSA), secured commitments from nine of the ten largest container shipping carriers to adopt eBLs. The proportion will be 50% electronic in five years and 100% in ten years.
The FIT Alliance behind the eBL promotion includes the International Chamber of Commerce (ICC), Swift, DCSA, bulk shipping association BIMCO and the International Federation of Freight Forwarders Associations (FIATA).
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