Vodafone’s Digital Asset Broker (DAB) announced it completed a proof of concept (PoC) with Sumitomo Corporation, Chainlink Labs and InnoWave. The PoC enabled blockchain interoperability for a digital bill of lading.
Vodafone’s DAB used Chainlink’s Cross Chain Interoperability Protocol (CCIP) for the PoC. It uses messages between the blockchains – both permissionless and permissioned – using a decentralized network. That’s the same solution recently used in a Swift PoC for tokenization trials.
Bills of lading represent the title to cargo in transit. When an exporter loads a container onto a ship, the ship provides a bill of lading to the exporter. In the simplest case, the exporter might courier a physical bill of lading to the importer so they can claim the cargo on arrival.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
