Quarter-over-quarter growth has reached 12% this year
Blockchain-based digital platform Wave BL has reached the milestone of 100,000 issued and processed electronic Bills of Lading (eBLs) in the first three quarters of the year.
The company, which aims to enable the fast, encrypted, and authenticated transfer of trade documents, has enjoyed 12% quarter-over-quarter growth this year.
Noam Rosenfeld, CEO at Wave BL, stated: “We are proud of the growth and mainstream adoption of our platform.
“We are already trusted by industry leaders such as MSC, ZIM, ONE, and Hapaq Lloyd and are focused on onboarding new customers and creating new offerings to supercharge the industry’s efficiency, resilience, and growth through our blockchain-based proprietary platform.”
The software provider is also playing a role in shaping the new global standards at the Digital Container Shipping Association (DCSA).
Bhavna Sethi, chief strategy officer at Wave BL, said: “Our continued focus on partnerships, strong customer experience, and ease of use of our platform, supported by our simple pricing model has enabled our customers and their business partners to connect and realize value from WAVE BL swiftly.
“As global trade is moving from paper-based to electronic trade documents, standardisation across the industry is critical for industry transformation and as such we are proud to be compliant with DCSA standards for eBLs.”
