Document Digitalization Platform

Introducing Ledger BL - cutting edge digital platform revolutionizing the Bills of Lading process by improving transparency, efficiency, security and reducing costs and delays. Traditionally, managing Bills of Lading has been a time-consuming and paper-heavy process, with a high risk of errors and delays. Ledger BL simplifies and accelerates your entire shipping process, saving you time and money, cuts out weeks of time from the process of physically sending and receiving a Bill of Lading.

Share Bills of Lading electronically across global shipping ecosystem improves efficiency by 10X, from ~weeks to minutes!

Benefits of using Ledger BL

1. 10X Efficiency: Ledger BL automates many of the manual processes in the B/L process, such as data entry and physical document exchange. This automation improves efficiency from weeks to minutes- thereby reduce costs, and speed up the flow of goods

2. Unparalleled Security: Ledger BL is a secure and tamper-proof platform for the exchange of information and transfer of ownership, reducing the risk of fraud and errors.

3. Increased Transparency: Ledger BL provides a shared, tamper-proof ledger of all transactions related to the B/L process, which increases transparency and reduces the risk of errors and fraud.

4. Reduced Costs & Delays: Ledger BL enables real-time tracking of the shipment and provide instant updates to all parties involved, reducing delays caused by miscommunication and lack of visibility.

5. Standardization: Ledger BL provides a standardized platform for the B/L process, which streamlines the process and reduce confusion and errors caused by different standards and regulations.

6. Automated Contract/Payment: Self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. This automates the release of payment and transfer of ownership when predefined conditions are met.

How Does it Work?

Ledger BL connects all parties in the global shipping and supply chain ecosystem via the platform where transactions are recorded in a ledger based permissioned and private enterprise grade Blockchain network. The platform can be used as a standalone or integrated seamlessly with existing system.

With the power of Blockchain, the platform connects all stakeholders in the supply chain- shipping carriers, shippers/exporters, consignees/importers, port authority/custom officials and financial institutions for issuance, transfer, surrender and custom clearance of Bill of Lading. Participants of the platform can verify the status of the Bill of Lading in just a few clicks. They are able to access and verify the Bill of Lading data in real-time. This shared and transparent ledger fosters trust, reduces disputes, and enables proactive decision-making based on accurate and up-to-date information.

Automated Blockchain based flow connecting key stakeholders in the Global Trade

Why I need to use Ledger BL?

Our platform utilizes permissioned and private enterprise grade Blockchain technology to ensure that your documents are secure, tamper-proof, and instantly accessible. Ledger BL eliminates the need for paper-based processes, reducing the risk of errors, delays, and disputes. You can access your Bills of Lading from anywhere, at any time, with just a few clicks. You can create, issue, sign, and transfer Bills of Lading eliminating the need for paper-based documentation and manual processes. Data is owned by you. Easy to use as a standalone platform or seamlessly integrate to your existing flow.

One of the key advantages of using Ledger BL is that it reduces the risk of errors and delays associated with traditional paper-based processes.

Ledger BL is a sustainable solution being paperless along with removing fuel consumption transferring physical document where scenarios of cargo pick up delay for physical paperwork to arrive is eliminated. This is reducing carbon footprint of the shipping industry.

With Ledger BL, you can collaborate seamlessly with all parties involved in your Global trade ecosystem. Our platform allows for easy sharing of documents and communication among stakeholders, eliminating the need for endless emails and phone calls.

Ledger BL provides unparalleled transparency and traceability, giving you complete visibility into your shipping operations. Ledger BL uses a private permissioned blockchain network trusted by hundreds of enterprises for their blockchain needs.

Join Ledger BL and experience the benefits of digitalization today!

How is Ledger BL different from EDI?

Blockchain-based digitized documents use distributed ledger technology to provide a more secure and transparent way of sharing and storing data. In a blockchain-based system, documents are stored in a decentralized network of nodes, and each transaction is recorded on a secure and immutable ledger. This means that the data is more secure, and there is a higher level of transparency, as all parties involved in the exchange can view and verify the information.

One of the main advantages of blockchain-based digitized documents over EDI is the increased security and trust that comes with a decentralized system. Blockchain-based systems use cryptographic techniques to secure the data, making it more difficult for hackers to tamper with or steal the information. Additionally, blockchain-based systems offer a higher level of transparency, as all parties can view and verify the data, reducing the risk of errors or fraud.

Another advantage of blockchain-based digitized documents is the potential of smart contracts, which can automate business processes and reduce the need for manual intervention. Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller directly written into lines of code. This allows for automated execution of transactions based on predefined conditions, without the need for intermediaries.

Blockchain-based systems offer greater security, transparency, and potential for automation through smart contracts.

Pain points in Global Trade Document flow

The Bills of Lading (B/L) process can be complex and time-consuming, and there are several pain points that can arise in its flow. Some of these pain points include:

1. Manual processes: The B/L process often involves a significant amount of manual data entry and paperwork, which can lead to errors, delays, and additional costs.

2. Lack of standardization: The B/L process can vary from carrier to carrier and from country to country, making it difficult to establish a standardized process that can be easily followed by all parties involved.

3. Miscommunication: Miscommunication between the shipper, carrier, and consignee can lead to errors in the B/L, such as incorrect descriptions of goods, incorrect quantities, or incorrect shipping dates.

4. Fraud: The B/L is a critical document for establishing ownership and facilitating the transfer of goods, which makes it a target for fraud. This can include forged documents, misrepresentation of goods, or fraudulent use of the document to obtain payment.

5. Delays: Delays in the B/L process can lead to delays in the shipment of goods, which can be costly and disruptive to the supply chain.

6. Inefficiencies: Inefficient processes, such as manual data entry and paper-based documentation, can lead to increased costs, reduced productivity, and a lack of visibility into the status of the shipment.

Ledger BL is addressing these pain points which is critical to improving the efficiency, accuracy, and security of the B/L process thereby reducing costs and improving supply chain performance.