News / Zim invests in Wave BL blockchain tech in drive for paperless shipping

From left: Wave CEO Gadi Ruschin, Zim CEO Eli Glickman and Marius Nacht's Ophir Shoham

Israel’s Zim and one of the country’s leading investors, Marius Nacht, have together pumped $8m into blockchain developer Wave BL in a series B fundraising.

The investment will be used to “accelerate global implementation of Wave BL’s proven technology”, which uses blockchain to produce electronic bills of lading.

Zim issued its first paperless e-B/L in 2017, using Wave BL’s platform, and has since widely expanded its use to shippers globally.

Chief information officer Eyal Ben-Amram said: “Since completing the integration of Wave BL’s ...