COSCO partners with Bank of Communications for blockchain enabled solutions

COSCO Shipping Lines has joined forces with the Bank of Communications to launch the online transmission of the original order bill of lading in tripartite trade through the blockchain-enabled embed electronic bills of lading (eBL) solution.

The real-time transmission of electronic bills of lading and trade documents on the blockchain is realised among consignors, forwarders and consignees.

After receiving the electronic bill of lading, the consignees can directly initiate paperless bill exchange...

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