A digital bill of lading is an electronic document that serves as a contract of carriage, a receipt for goods, and a document of title for shipped items. This digital format replaces traditional paper documents, facilitating more efficient and secure global trade logistics. It leverages digital technologies for verification and transfer of ownership.
Context
The adoption of digital bills of lading is gaining traction as part of broader efforts to modernize global supply chains and trade finance. Key discussions involve establishing interoperable standards and legal recognition across different jurisdictions. Future progress will likely depend on collaborative efforts between shipping companies, regulators, and blockchain solution providers to enhance its widespread acceptance.
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