Israeli Shipping Firm ZIM Announces Next Phase Of Blockchain Electronic Bills Of Lading Project

Blockchain, News | January 16, 2019 By:

Israeli shipping company ZIM has announced plans to make its blockchain platform for electronic bills of lading (eB/Ls) available to all of its customers in selected trades.

In November 2017, ZIM, in partnership with bockchain firm Wave and logistics firm Sparx, successfully completed the first pilot of the blockchain platform. The solution connects all members of the supply chain to a decentralized network and allows them a direct exchange of files. It ensures that all parties can issue, transfer, endorse and manage shipping and trade related documents through a secure decentralized network.

After the pilot was completed, ZIM continued to evaluate the platform in different tradelanes with more customers. According to ZIM, the trial suggested that blockchain technology has the potential to not only replace paper but also improve current activities which rely on emails, fax and other existing tools.

“After successfully completing dozens of shipments with multiple freight forwarders and BCO’s, ZIM is poised to begin the next phase by opening the opportunity to move to eB/L to all ZIM customers in selected trades,” ZZIM said. “In the first quarter of 2019, ZIM plans to focus on the Asia-South Africa and North America-Mediterranean trades. These trades were chosen due to their diverse activities and involved players.”

Eyal Ben-Amram, Zim’s chief information officer, said that maximizing digitization is a part of the company’s strategy.

“Having gained considerable experience with this revolutionary technology, we are now moving forward,” said Ben-Amram. “It’s part of our commitment to maximize digitization, and at the same time enhance our customer service levels and nurturing customer relations.”