05OCT2018 - NEWS - Singapore based shipping company Pacific International Lines to collaborate with IBM for creating electronic bill of lading

Singapore based shipping company Pacific International Lines (PIL) plans to collaborate with IBM Singapore (IBM) in another blockchain trial to design and create an electronic bill of lading which is expected to enhance the documentation process in supply chain management. The PIL-IBM collaboration is supported by Maritime and Port Authority of Singapore, Singapore Shipping Association, Infocomm Media Development Authority, Singapore Customs (National TradePlatform), and Bank of China Limited Singapore Branch (BOC). A bill of lading is the crucial piece of documentation in the facilitation of international trade as it contains legal and commercial information including the evidence of the contract of carriage, receipt of goods and title of the goods.

Published by Editor - www.Livebunkers.com at 05-Oct-2018 05:14:40 [UTC] , contact editor at editor@livebunkers.com