0.5 C
Hamburg
Friday, December 4, 2020
Home News Bolero expands its eBL blockchain network

Bolero expands its eBL blockchain network

Bolero International has announced new partnerships with two blockchain companies CommChain and Envoy to embed electronic bills of lading into their blockchain-based digital trade platforms built on R3’s Corda.

Australian start-up CommChain and Envoy, based in Latin America, will use Bolero’s electronic bill of lading as-a-service in their highly advanced digital trade platforms built on distributed ledger technology.

"These partnerships confirm Bolero as the number one provider of electronic bills of lading (eBL) to blockchain based trade and supply chain finance platforms," said the company in its announcement.

As part of the company's strategy to establish itself as the platform agnostic, interoperable eBL service specialist, Bolero continues to invest in global partnerships with trade platforms across all leading blockchain platforms such as Hyperledger, Corda and Ethereum.

Bolero provides eBL as a service to Contour, a leading trade finance network, and earlier this year, became part of the Marco Polo Network, the world’s largest trade finance and working capital network.

"These partnerships reinforce Bolero’s strategy of easing the adoption of eBL services globally and will help grow the Bolero network of banks, corporate and carriers," commented Bolero CEO, Andrew Raymond.

- Advertisment -Port Montreal advertisment
- Advertisment - LR Sustainability Decarbonisation Digital Adverts

Latest Posts

Covid-19 case forces Hapag-Lloyd vessel to quarantine

A crew member of Hapag-Lloyd's container ship Nordic Hong Kong has tested positive for Covid-19 in Brazil. As a result, the Brazilian health authority...

Wan Hai adjusts S. American service as exotic fruits fuel reefer demand

Tapping into the South American fruit harvest season, Wan Hai Lines has adjusted its Asia-South America (ASA) service to include a call at Peru’s...

Covid vaccine trials wake fuel market up

Fuel market sentiment has received a boost from signs of improving demand from Asia’s large crude oil importers, as well as news of successful...

Seafrigo consolidates its presence in Le Havre

The Seafrigo group is strengthening its presence in the Port of Le Havre area by setting up a facility located at the Seafrigo Logistics Park. The...

ONE Apus may have lost a quarter of its cargo

An Ocean Network Express (ONE) vessel that reported a container stack collapse, on 30 November, may have lost up to 25% of its cargo...

We have introduced a voluntary registration system which will help us to understand our customers better and offer them an improved service.

From 1 January, 2021 registration will be required but news content access will remain free of charge.