Israeli carrier ZIM supports e-bill of lading investments
With a new investment in a local tech company, Israeli carrier ZIM is pursuing its goal of eliminating paper from bills of lading.
“Today, ZIM is an industry leader in paperless shipping processes, and we are seeing growing interest from others in our sector to adopt the platform reflecting the significant benefits it provides to both customers and carriers," ZIM president and CEO Eli Glickman.
WAVE BL, a developer of a blockchain-backed e-bill of lading, has raised a Series B funding round led by ZIM and Marius Nacht, an Israeli investor. A round of around $8 million is being co-led by the two investors.
Using WAVE BL's platform, ZIM invented the first paperless electronic bill of lading pilot in the shipping industry in 2017 and has since widely extended its use.
ZIM customers can now use electronic bill of lading, which requires only a quick onboarding process that ZIM can assist with.
Maritime Business World