Today, Global eTrade Services (GeTS)
announced that leading shipping company Pacific International Lines (PIL) has joined their digital logistics platform. This platform, CALISTA, allows companies to manage their global supply chains digitally and part of the system uses blockchain.
Singapore based GeTS claims that CALISTA provides interoperability, and hence room for business growth, along with efficiency and security for shipping companies. Crucial shipping documents are stored securely and safe from tampering on a blockchain.
To ensure the validity of documents, for instance paperwork which permits cargo to leave the port is often couriered or securely mailed. This means delays and the possibility of document fraud.
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