Pilot Program Successful for Digital Bills of Lading, Israel Ports Company Says
The Israel Ports Company completed its pilot program that allows digital transfers of bills of lading through blockchain technology, according to a March 12 news release. The process allowed greater “distribution of information” among supply chain actors, “greatly limiting the…
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possibility of the information being penetrated and changed,” the IPC said. Electronic bills of lading will “constitute a significant step up in advanced technology” in Israel’s ports and allow for “more rapid release of cargo” while “saving time and the cost of using courier companies,” the IPC said.