Ocean Network Express (ONE) Pte. Ltd. has announced its plans to expand its electronic Bills of Lading (eBL) offering with technology provider WAVE BL, with the objective to enhance and accelerate digital trade adoption across its supply chain.
ONE and WAVE BL have been working on eBL solutions and after successfully jointly
completing the initial pilot rollout, ONE will start to extend the WAVE BL offering to more
customers and business partners.
The blockchain-backed digital shipping platform ensures the highest legal, security, and
privacy standards in the maritime shipping industry, providing an electronic alternative
to traditional print documents.
ONE continues to position itself as a leader in early adoption for technological
advancements that showcase improvements to the industry ecosystem. By digitizing
title transfers, ONE anticipates operational workflow improvements that shorten
document issuance time and transfer process. The eBL solution is expected to
strengthen ONE’s overall ecommerce services. For its customers, the solution will cut
administrative costs, whilst improving the overall process.
“As part of our digitalization journey, we have been focussing on our integration
capability to strive for new digital offerings to our customers and partners. We started to
offer the e-BL services via WAVE BL as a strategic partner to expedite core steps of the
supply chain and save time and cost for our customers. With a robust solution and an
increasing network, we aim to enhance our customer experience through rapid &
paperless transfer,” says Sundeep Sibal, Global Head of Commercial & Service
Management at Ocean Network Express Ltd.
WAVE BL will provide an end-to-end cryptographic endorsement and surrender system
for issuing eBLs in real-time and offer onboarding support for ONE customers and
business partners integrating onto the platform.
“This marks an important milestone for all parties involved and the shipping industry at
large. Cooperation with ONE speaks volumes to the trajectory of digital trade and its
immense influence in the market. We are excited to scale our solution with support from
the leadership at ONE,” says Gadi Ruschin, CEO and co-founder at WAVE BL.
