A new market segment is known as a “Blue Ocean.” We, at WAVE BL, were the first to look at Bills of Lading and wonder why not much has changed since the 14th century! They are still paper-based and involve manual handling.
That’s why we launched our WAVE BL platform, based on blockchain technology, to make the whole process easy, fast, secure, and efficient (anywhere, any time). Entering this blue ocean has paid off big time – the demand for our WAVE BL platform is growing exponentially at 10% every month. By Q3 2022, more than 100,000 eBLs were processed via the WAVE BL platform, making us by far the largest presence in the eBL blue ocean.
Needless to say, we are proud that our platform has gained so much traction, with major carriers, including MSC, ZIM, ONE, and Hapaq Lloyd, using our platform for their bills of lading (and supporting documents) processes. And that’s not all – we continue to onboard new customers who understand the many benefits WAVE BL can offer them compared to sticking to the current paper-based, manual processes.
As the largest global provider in the eBL market sector, we are playing an important part in shaping the new eBL standard of DCSA, the Digital Container Shipping Association. DCSA aims to facilitate acceptance and 100% adoption of electronic bills of lading (eBLs) by 2030. We are the best partner to support this with our proven track record of 100K+ issued and processed electronic Bills of Lading.