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Showing posts with the label Maersk

IBM's TradeLens transacts first electronic bill of Ladings in UAE

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  TradeLens, a Blockchain enable supply chain platform has just issued the first bills of lading in UAE for both Safelin Freight and Fortuna in DMCC ( Dubai Multi Commodities Center) Safeline Freight and Fortuna DMCC  through TradeLens have accessed  digital issuance, transfer, and surrender of original bills of lading using blockchain technology. Combined, the two companies move more than 7,500 containers annually in and out of the UAE. TradeLens was jointly developed by Maersk and IBM. TradeLens allows an original bill of lading to be digitally issued directly from a carrier and moved electronically through its journey with all the stakeholders. This reduces the hassles of sending physical papers from one stakeholder to the other through a courier process, eliminates the costly possibility of documents getting lost or forged, and removes inefficiencies from manual processes. Mr. Ahmed Beyi, CEO Safeline Freight, stated, “I was amazed at how easy and fast I can control all my bill o