Trade

Zim, Israel’s Leading Cargo Shipping Firm, Opens Blockchain Platform to All

Zim, one of Israel’s leading cargo shipping companies, is in the news for opening its blockchain platform designed to improve the movement of electronic bills of lading. The platform, which is now being opened to all clients, in a selected number of trades, was first tested for about a year by the company.

The company seems to be quite happy with the outcome and claims that “blockchain can not only replace the currently existing paper-based processes, but also improve the workflow conducted via email, fax, and other channels.”

More About the Happenings

The company recently conducted two large transactions using the platform. Each of the operations took about two hours to complete, which is more efficient than the traditional method that took days and in some cases even weeks to complete.

The blockchain-based network was quick in delivering electronic bills of lading, thus proving to be more efficient.

What’s the Plan Now?

Having realized the benefits of the system, Zim now plans to open blockchain-based transactions to all clients. However, it will solely be focusing on North American, South American, Mediterranean, and Asian countries for the first few months.

One of the company’s executives, Eyal Ben-Amram, spoke very positively about the technology while also highlighting the company’s intention to maximize digitization.

Zim, the 11th largest operator by volume, is not the first cargo company to make use of the blockchain technology.  

Associated British Ports, a British port operator, was last year in news for signing an agreement with Marine Transport International, an international digital logistics operator, to create a blockchain-based platform designed to reduce data management and improve logistics.

The success of Zim’s platform will hopefully pave the way for more companies to jump the bandwagon and utilize the benefits blockchain has to offer.

Related article:

Blockchain is Transforming the Insurance Industry

Michael Wight

Michael is a freelance writer with special interest in finance and technology. He regularly trades cryptocurrencies and loves to share his knowledge with others.

Related Articles

81 Comments

  1. whoah this blog is excellent i like reading your posts. Keep up the great work! You realize, many persons are looking round for this info, you can help them greatly.

  2. One more thing is that when you are evaluating a good online electronics shop, look for web stores that are frequently updated, always keeping up-to-date with the latest products, the very best deals, along with helpful information on services and products. This will ensure you are doing business with a shop that really stays over the competition and provide you what you ought to make knowledgeable, well-informed electronics expenditures. Thanks for the significant tips I’ve learned through your blog.

  3. obviously like your website but you need to test the spelling on quite a few of your posts. A number of them are rife with spelling problems and I find it very troublesome to inform the reality then again I will surely come back again.

  4. I’m not sure exactly why but this blog is loading very slow for me. Is anyone else having this problem or is it a issue on my end? I’ll check back later and see if the problem still exists.

  5. Thanks for expressing your ideas. I might also like to state that video games have been ever before evolving. Technology advances and enhancements have aided create sensible and interactive games. These types of entertainment video games were not that sensible when the concept was first being attempted. Just like other kinds of technological know-how, video games way too have had to evolve by many many years. This itself is testimony on the fast development of video games.

  6. I will right away take hold of your rss as I can not to find your e-mail subscription hyperlink or newsletter service. Do you have any? Kindly permit me understand in order that I could subscribe. Thanks.

  7. I might also like to express that most individuals that find themselves without the need of health insurance are normally students, self-employed and people who are unemployed. More than half of the uninsured are under the age of 35. They do not come to feel they are looking for health insurance simply because they’re young as well as healthy. The income is generally spent on houses, food, in addition to entertainment. Most people that do work either complete or part-time are not supplied insurance through their work so they get along without due to rising price of health insurance in the United States. Thanks for the ideas you share through this blog.

Close