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:
Thanks for your short article. I would like to say that your health insurance agent also works for the benefit of the actual coordinators of any group insurance. The health broker is given a long list of benefits wanted by somebody or a group coordinator. What any broker may is seek out individuals or maybe coordinators which will best match those wants. Then he presents his suggestions and if both parties agree, the broker formulates legal contract between the 2 parties.
Wow, marvelous blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your website is wonderful, as well as the content!
I am grateful for your post. I’d really like to write my opinion that the cost of car insurance varies widely from one plan to another, since there are so many different facets which play a role in the overall cost. By way of example, the model and make of the car or truck will have a significant bearing on the price. A reliable aged family automobile will have a more affordable premium when compared to a flashy expensive car.
I was suggested this web site by my cousin. I am not sure whether this post is written by him as no one else know such detailed about my problem. You are wonderful! Thanks!
I was blown away by the level of professionalism and expertise displayed by the team at amcauto.co. They clearly know their stuff when it comes to MAN trucks.
Thanks a lot for the blog article.Thanks Again. Much obliged.
I’m often to blogging and i actually respect your content. The article has actually peaks my interest. I am going to bookmark your site and hold checking for brand new information.
I like what you guys are up too. Such clever work and reporting! Carry on the excellent works guys I have incorporated you guys to my blogroll. I think it will improve the value of my website 🙂
Hey this is somewhat of off topic but I was wanting to know if blogs use WYSIWYG editors or if you have to manually code with HTML. I’m starting a blog soon but have no coding knowledge so I wanted to get guidance from someone with experience. Any help would be greatly appreciated!
I get pleasure from, lead to I found exactly what I was looking for. You’ve ended my 4 day lengthy hunt! God Bless you man. Have a great day. Bye