Today the Global Shipping Business Network (GSBN) announced that its blockchain network has been used for its first electronic bill of lading (eBL) by COSCO Shipping Specialized Carriers. Its parent COSCO Shipping is one of the founding shareholders in GSBN.
Because COSCO Shipping Specialized Carriers deals with nonstandard cargo it involves a more complex supply chain where the efficiency of electronic bills of lading can have a greater impact. In this case, the client was ELDORADO which specializes in providing shipping for paper pulp, with plans to rollout out the eBL service to other clients.
Carrier OOCL and the Bank of China are also supporting eBL on GSBN.
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