Singapore's Pacific International Lines (PIL) is teaming up with IBM to trial a blockchain solution for electronic bills of lading (eBL).
It aims to design a system that will "significantly enhance the documentation process in supply chain management."
The boxship owner is being supported by the Maritime and Port Authority of Singapore, Singapore Shipping Association, Infocomm Media Development Authority, Singapore Customs (National TradePlatform) and Bank of China Limited Singapore Branch (BOC).
