Document transfer solutions provider CargoX says that by utilizing blockchain technology, it recently concluded an electronic bill of lading (eBOL) transfer with a competing provider, edoxOnline, within six minutes, a process that traditionally takes hours or even days.
The potential benefit of that streamlining is highlighted by a recent McKinsey study showing that 40% of containerized trade still relies on the transfer of paper record copies with up to 50 sheets of paper from up to 30...