Singapore-based Pacific International Lines (PIL) has used an electronic bill of lading (e-BL) built on IBM’s blockchain platform in a real-time plot tracking shipment of 28 tonnes of mandarin oranges from China for the Lunar New Year celebrations.
PIL said in a statement that the administrative process of transferring the title deed that would have normally taken five to seven days was reduced to just one second during this trial of the platform.
Hupco, a major Singaporean importer of mandarin oranges, took part in the e-BL trial as the consignee of 3,000 cartons containing approximately 108,000 oranges.
SCDF commissions new firefighting vessel
- Jianglong launches first of three patrol boats for CMSA's Fujian branch
- COLUMN | Swire Pacific Offshore: What went wrong? [Offshore Accounts]
- Chinese Academy of Sciences' newest vessel floated out
Sinanju inks time charter agreement for Singapore's first LNG dual-fuel powered bunker tanker
in Tanker World
Latest from Baird Maritime
- Philippines to order two more warships from South Korean builder
- DPIRD conducts Gascoyne pink snapper fishery protection patrols
- US firm approves NOK 2.3 billion loan for new wind farm for O&G platforms
- Death toll in Bay of Bengal vessel fire climbs to three
- Team RB-M consortium delivers response boat pair for Jordanian navy