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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

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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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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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