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Israel Company Zim To Use Blockchain In Shipping

Israel Company Zim To Use Blockchain In Shipping


Zim, the Israel leading cargo maritime transport company, started using eB/Ls blockchain platform for electronic bills and cargo delivery for its clients, Cointelegraph reports referring to TradeWinds.

After testing period and successful start of functioning of eB/Ls platform, for creation of which more than a year was spent, maritime transportation carrier Zim declares that blockchain will not only help move from paper-based document flow to electronic one, but also will speed up all processes connected with sending emails, fax usage, and so on. Each of two last performed operations on blockchain took less than two hours, though it had taken several days, sometimes weeks before.

Zim suggested all interested clients to use its blockchain platform during the first quarter of 2019. First priority is companies from Asia, North America, South African, and Mediterranean states.

Maximum usage of up-to-date digital technologies opportunities is a part of company’s strategic development, Eyal Ben-Amram, Zim’s chief information officer, has stated. 

According to Alphaliner, a cargo delivery data collection firm, Zim is ranked 11th in respect of the shipping volume of container cargo in the world at the moment.

As previously reported, two ministries of South Korea started implementation of a blockchain-based pilot project designed to improve the system of cargo delivery by sea routes.

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