After several successful trials over the last year, Israel's
largest cargo shipping company, Zim, has implemented a blockchain
platform for electronic bills of lading. According to Zim,
this technology could replace paper bills of lading and further
improve other activities which rely on physical means of
transfer.
Zim recently conducted several transactions in which bills of
lading were transferred to the receiver less than two hours from
the vessel's departure, a process that typically takes days or
can take weeks. Following these successful trials and initial
transactions, Zim will soon be entering the next phase, providing
an opportunity for all of its customers to take advantage of
electronic bills of lading utilizing blockchain technology.
