News / MSC helps create 'a new trade norm' by accepting electronic bills of lading

MSC today started to accept electronic bills of lading (eB/Ls) submitted via Wave’s blockchain platform.

Wave BL is a blockchain-based system that uses distributed ledger technology to ensure that all parties involved in a cargo shipment booking can issue, transfer, endorse and manage documents through a secure, decentralised network.

Users can issue all originals, negotiable or non-negotiable, and exchange them via direct, encrypted, peer-to-peer transmission, and are also able to amend documents.

Wave BL’s communication protocol has, additionally, been approved by the International ...