Friday, 05 October 2018 14:38

PIL partners with IBM on blockchain

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Pacific International Lines [PIL], a Singapore-based shipping company announced its collaboration with multinational information technology giant, IBM (Singapore). The partnership is aimed at improving the process of documentation in supply chain management through blockchain trials designed to create an electronic bill of lading (e-BL).  Additionally, it has garnered support from the Maritime and Port Authority of Singapore. The e-BL would mean that shipping companies would no longer have to depend on hard copies of the document and effectively diminishing unnecessary handling costs, potentially making the supply chain more organized and efficient.

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