Singapore begins pilot project for e-bills of lading

SIN will begin a pilot project in 2019 to shift paper-based BL into e-BL. It aims to reduce delays when container ships dock and unload in the country. Changes will also be made to the Electronic Transactions Act. The pilot will be called TradeTrust and was announced on Mar 4.

Last October, PIL conducted with IBM SIN in a blockchain trial to design and create an e-BL in a successful real-time pilot tracking shipment of mandarin oranges from China for the Lunar New Year celebrations, experienced a decrease in the administrative process of transferring the title deed from 5 -7 days to just 1 second.