Swift Cargo joins TradeLens eBL to eliminate the risk in delayed Bills of Lading

Swift Cargo has announced joining the TradeLens platform, a blockchain enabled digital supply chain solution jointly developed by Maersk and IBM, to use its electronic bill of lading product. The TradeLens eBL, will digitize bills of lading, along with other critical transportation documents, on the Blockchain to vastly increase speed of original bill of lading issuance, transfer and surrender, a process that was traditionally manual and time-consuming which can now occur accurately and securely in minutes. Eliminating the risks and costs caused by lost or delayed documents have been a significant concern for the shipping, logistics and trade finance industries. With direct connectivity of all stakeholders within the TradeLens blockchain technology powered platform, total end-to-end visibility for Swift Cargo’s transportation documentation will now be available for their import and export cargo, sourced from a single platform. The TradeLens solution will provide transparency through the shipping cycle while addressing sensitivities too.
“Innovation in the industry provides improved speed, transparency and efficiency for our international transportation documentation. This allows us to ultimately provide better service to our customers and at the same time capture improved efficiencies in our operations,” said Harish Pandeya, Managing Director Swift Cargo. He added, “Going beyond our objective of digitalization and providing timely and superior service levels to our clients, TradeLens will also help us reduce operational overheads and errors by enabling automation of significant parts of the documentation process.”
Bimal Kanal, Head – South Asia, TradeLens mentioned, ” We are excited to see Swift Cargo join us on our mission to digitize the bill of lading process across all types of BLs. By eliminating the risk of lost documents, forgeries, delays and charges by using a blockchain enabled TradeLens eBL, we are confident Swift Cargo will not only improve their service offering to their customers but reduce the cost and time of printing and couriering documents to share with their supply chain partners.”