DocuTrade Facilitates Unprecedented Trade Finance Transaction with Electronic Bill of Lading Conversion and Capital Provision
This groundbreaking transaction demonstrates DocuTrade 's prowess in digitizing trade documents, thereby also facilitating capital provisioning against the fractionalized eBL for a shipment duration of 7 days.
- This groundbreaking transaction demonstrates DocuTrade 's prowess in digitizing trade documents, thereby also facilitating capital provisioning against the fractionalized eBL for a shipment duration of 7 days.
- In this pilot, the shipper tokenized the eBL and fractionalized it, enabling capital provisioning for the shipment duration.
- The ease of transaction was significantly enhanced as the trade documents were digitally created, making verification and transfer a seamless process.
- By facilitating a smooth transition from paper to electronic documentation, DocuTrade has significantly contributed to enhancing the speed and efficiency of trade finance transactions.