India - CargoX’s blockchain platform chosen to clear India’s container backlog
In a statement, CargoX said it had entered a partnership with Portall Infosystems, a company responsible for building India’s electronic port community system to digitalize the processing of bills of lading and the transfer of trade documents.
This follows Portall Infosystem’s successful testing of CargoX’s BDT platform, which examined its ability to handle the needs of India’s maritime industry, particularly in procession electronic bills of lading.
The COVID-19 pandemic has made it necessary to utilise smart technologies and innovations, such as an electronic bill of lading, to clear the backlog of goods at ports.
In a recent PTI webinar on the value of the port digitisaion, it was predicted that the pandemic would accelerate the implementation of an electronic bill of lading.