Beware the quantum computers
Today’s encryption technology will be putty in the hands of those running the post-quantum world. How equipped ...
Singapore-based Blue Water Lines, a non-vessel owning common carrier (NVOCC), has become the first to adopt the electronic Bill of Lading (e-BL) in India using blockchain technology on the CargoX platform.
Portall Infosystems, a logistics management application, developed by Mumbai-based logistics conglomerate J M Baxi Group, was awarded a contract by the Indian Ports Association, an autonomous body under the Shipping Ministry, to roll out a pan-India Port Community System (PCS 1x).
CargoX runs a smart BL document transfer platform, using the neutral, public blockchain ethereum network.
The PCS1x, offering the P-CaSo curated marketplace of specialised services, was built by Portall Infosystems, and it has integrated CargoX’s Platform for Blockchain Document Transfer (BDT), which can be accessed by the stake holders.
PCS1x is currently operational in 19 ports with over 16,000 corporate stakeholders. The B2B marketplace (P-CaSo) for the ecosystem is integrated into the Indian Port Community System to bring various niche services with curated service partners, including services such as blockchain document transfer.
A Bill of Lading (BL), the key legal document in global trade, is issued by a carrier (shipping line/ freight forwarder) to acknowledge receipt of goods, contract of carriage and document of title (ownership) of the goods.
Blue Water Lines is run by the Abrao Group comprising Omega Shipping, Poseidon Shipping and Aissa Maritime, in India and West Asia.
Portall and Cargox has urged other NVOCCs, forwarders and also exporters and importers to make the leap to move away from paper documents and embrace digital bills of lading and trade documentation, Portall said in a statement.
In a separate development, P-CaSo has on-boarded ‘Return Trucks’, for trucking services on the PCS1x.
An innovative digital platform with offices in USA and Andhra Pradesh, Return Trucks connects transport operators (trailers and trucks) for seamless cargo shipment from one place to another.
Return Trucks has unique algorithms to leverage the empty return movements for better freight rates, said Sudhakar Vintha, Founder and CEO of Return Trucks.
The PCS1x has recently opened up latch on functionality for B2B and B2C service offerings to the maritime ecosystem.
Today’s encryption technology will be putty in the hands of those running the post-quantum world. How equipped ...
Rocketship’s Anand Rajaraman on getting pitches from places like Rameswaram and Patna
Bengaluru-based Archeron group plans to open five banks that are run entirely by AI and quantum technologies
Ably skippered by N Srinivasan, India Cements is upping its post-Covid-19 game by expanding capacity
Three-in-one: Passive debt funds come at a low cost and have high-quality portfolios. Some offer return ...
Trend in the rupee movement and Q4 earnings can give direction to the market
There is room for improvement in fund transfer options
Silver looks positive but lacks the higher volumes required to substantiate bullishness
Murder is a theme that is unlikely to darken and yellow with time, the writer Truman Capote had once said.
Expect the unexpected when musicians of different traditions come together for a duet
On Ugadi, the Telugu New Year Day, a chronicler recalls slices of an isolated year gone by and realises that ...
In her novel based on the life of Rani Jindan Kaur, author Chitra Banerjee Divakaruni crafts a hero for the ...
Marketers are padded up, sponsorship deals have been struck, and campaigns are rolling out. Now let the games ...
And what marketers can possibly do to bring it back in our lives
The agency has changed form over the years but its lustre has not dimmed
Media Factory has purchased the majority stake held by Sam and Lara Balsara of Madison World in Madison Media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor