Shipping line ONE cooperates with WAVE BL to deploy electronic bill of lading (eBL)

Electronic bill of lading - eBL (Photo: Phaata)

Shipping lines ONE (Ocean Network Express) and WAVE BL have been working on electronic bill of lading (eBL) solutions and after successfully completing the initial pilot implementation together, ONE will begin to expand offering WAVE BL to more customers and business partners, according to a statement.

ONE claims that its blockchain-powered digital shipping platform ensures the highest legal, security and privacy standards in the shipping industry, providing an electronic alternative to traditional printed materials.

By digitizing the transfer of ownership, ONE shipping line anticipates operational process improvements that will shorten the document issuance time and transfer process.

The eBL solution is expected to enhance its overall e-commerce services and cut administrative costs for customers, improving the overall process.

“As part of our digitalisation journey, we have been focussing on our integration capability to strive for new digital offerings to our customers and partners,” said Sundeep Sibal, Global Head of Commercial & Service Management at ONE.

Sibal went on to comment: "We started to offer the e-BL services via WAVE BL as a strategic partner to expedite core steps of the supply chain and save time and cost for our customers. With a robust solution and an increasing network, we aim to enhance our customer experience through rapid & paperless transfer."

WAVE BL will provide an end-to-end cryptographic confirmation system for eBL issuance in real time and provide support for ONE customers and business partners integrated into the platform.

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Source: Phaata.com (According to ONE)

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