PIL pilots non-negotiable e-BL on lunar new year shipment
The IBM Blockchain-powered e-BL cut the administrative time for title transfer, which ranges from five to seven days, to just one second. This is PIL's first pilot project of non-negotiable e-BLs after its last pilot of a negotiable e-BL backed by the Bank of China
The use of e-BL for a shipment of mandarin oranges has almost eliminated the time taken for title transfer while reducing risk of fraud
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