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OCEAN CARRIERS
Wayn Protocol · Nov 23, 2023
Today, the traditional paper-based Bill of Lading (BL) in the shipping and logistics industry faces challenges such as manual errors, delays, and inefficiencies, leading to disruptions in the supply chain. The reliance on physical documents can cause:
WAYN, as a pioneering platform will harness the most advanced technologies to revolutionize the BL process, driving efficiency and fostering a secure and transparent trade experience.
The Rise of eBL in Logistics
Blockchain technology has the potential to revolutionize the logistics industry by creating an incorruptible digital ledger that records transactions transparently and tamper-proof.
Over the years, there have been numerous proposals to transition from paper bills of lading to electronic equivalents. Blockchain technology has also been considered a potential solution, with recent discussions focusing on placing bills of lading on the blockchain. However, these proposals have been deemed incomplete, as the blockchain serves merely as a ledger.
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