Support Tokenized Electronic Bills of Lading for Global Trade
Use Cases
About
Trade & Commerce
This use case explores tokenizing electronic bills of lading (eBL) on multiple blockchain/DLT networks to digitize global trade finance and shipping logistics.
Description
Key Stakeholder:
Shipping carriers
Port operators
Logistics companies
Import/export companies
Banks providing trade finance
Tokenization and interoperability platform
Story:
Shipping carrier issues eBL for cargo on blockchain/DTL network
eBL is inspected and audited for validity
Trusted eBL is tokenized on other blockchains by tokenization and interoperability platform
Tokenized eBL used for trade finance and logistics
Reduces fraud due to validity of tokenized eBL
Preconditions:
eBLs are issued on a blockchain network
Multiple tokenization platforms exist
Postconditions:
eBLs are tokenized on other blockchain/DLT networks
Reduces fraud in trade finance
Key Benefits:
Digitizes global trade documents
Enables tokenization for trade finance
Reduces fraud through validity checks
Provides trust anchors with audits
Leads to greater adoption of eBL
Example Solution Provider:
Ant Group
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Currently, there are many different eBL solutions. That would mean every shipping carrier, logistics company, and bank supporting many incompatible solutions. Also, rulebooks are incompatible.
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