QX Interoperability - v.0.7
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      • Support Tokenized Electronic Bills of Lading for Global Trade
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  1. 🏦Use Cases
  2. Trade & Commerce

Support Tokenized Electronic Bills of Lading for Global Trade

Use Cases

About

Use Case Category
Use Case Scope

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:

  1. Shipping carrier issues eBL for cargo on blockchain/DTL network

  2. eBL is inspected and audited for validity

  3. Trusted eBL is tokenized on other blockchains by tokenization and interoperability platform

  4. Tokenized eBL used for trade finance and logistics

  5. 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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Last updated 11 months ago

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