News / India gives the green light for use of blockchain-based bills of lading

11/06/2020

India is set to allow shipping bills of lading (B/Ls) to be filed over a blockchain platform, as part of the country’s efforts to digitise its maritime supply chains.

These efforts have become increasingly urgent as the paper-based administrative processes that accompany container shipping have been severely hampered by the coronavirus pandemic, and the consequent lockdowns and social distancing, leading to major port congestion.

In response, India’s ministry of shipping gave the go-ahead to run trial shipments with B/Ls submitted on CargoX’s ...

Comment on this article

You must be logged in to post a comment.

Ago Dermenjian
June 11, 2020 at 8:04 pm
The challenge that needs to be addressed in India is not electronic bills of lading…it’s the archaic No Objection Certificate (NOC). This is a system that requires a shipper/exporter who is facing a breach of contract or default, to have to get permission, in the form of an NOC, from the defaulting party (the importer). It is stupefying that this regulation remains in place in the 21st century and that Indian officials seem totally indifferent to addressing this matter. The NOC needs to be eradicated and removed from being used as an offensive weapon by defaulters.

Log in to Reply