Israel’s Top Cargo Shipping Firm Zim Opens Blockchain Platform to All Clients

Israel’s largest cargo shipping company Zim has opened its blockchain platform for electronic bills of lading (eB/Ls) to all clients in selected trades. Global shipping news outlet TradeWinds reported the news today, Jan. 14.

Following a successful pilot of its blockchain-powered eB/Ls platform that lasted for over a year, the shipping firm has claimed that blockchain can not only replace the currently existing paper-based processes, but also improve the workflow conducted via email, fax, and other channels.

According to TradeWinds’ report, two recent transactions on the platform were successfully conducted in less than two hours each — as opposed to multiple days or weeks that the process usually takes — with electronic bills of lading being delivered via the blockchain-based system.

Reference: https://cointelegraph.com/news/israels-top-cargo-shipping-firm-zim-opens-blockchain-platform-to-all-clients

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