IQAX eBL won the Outstanding Digital Solution Award for empowering digital intelligent shipping

IQAX is delighted to announce that the IQAX eBL platform has won the 2024 Outstanding Digital Solution Award at the 13th Annual China Finance Summit (CFS), jointly sponsored by syobserve. com, gongyidaily.com, and major media outlets in China.

The CFS Finance Summit is a major event curated by leading financial and mass media organizations in China. Through diverse formats, the summit convenes business leaders and thinkers to explore the driving forces behind China's economic transformation and development. It has become one of the most influential platforms for intellectual exchange and thought leadership about China's economy.

The IQAX eBL platform prioritizes the security of bills of lading by actively introducing technological innovations into the shipping and logistics industry. Leveraging the distributed, swift transmission, immutable and traceable nature of blockchain technology, it mitigates fraud and loss risks inherent to traditional paper bills of lading. In 2022, IQAX eBL received endorsement from the International Group of P&I Clubs (IGP&I), confirming that electronic bills of lading on the platform have the equivalent legal standing to paper bills of lading.

A user-friendly and efficient experience is another key advantage provided by the IQAX eBL platform. It allows relevant trade parties to conduct e-presentations while transferring eBLs. This suits various commercial scenarios and supports bill-of-lading transfers under different payment methods.

Since launching, the IQAX eBL platform has significantly improved bill-of-lading circulation efficiency for shipping supply chain users. Not only has it reduced the processing time and cost, but it has also enhanced transportation transparency and trust among trading parties by sharing important information such as the status updates of bills of lading and container movements with transport stakeholders. To date, more than 14,000 companies have registered with the platform. Many industry-leading shipping companies such as COSCO SHIPPING, OOCL and Hapag-Lloyd are linked to the IQAX eBL platform, letting users easily manage bills of lading from multiple carriers.