News / Successful blockchain trial shows paper bills of lading are now 'historic artefacts'

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Breakbulk shipping venture G2 Ocean has called time on paper bills of lading after a “successful pilot” of a blockchain-based solution.

Norwegian G2, comprising Gearbulk and Grieg Star, conducted the pilot on shipments from China to Peru with distributor Manuchar, using CargoX’s blockchain Smart B/L system.

The shipments took place over this month and last and G2 chief executive Rune Birkeland claimed paper B/Ls were now an “historic artefact”.

He added: “The Smart B/L solution will bring cost optimisation and improved data security. ...