How Yantian Port & COSCO Shipping Achieved Breakthrough with China's First Blockchain e-B/L Exchange

China's Shipping Digital Leap: Paperless B/L Goes Live

1. The Milestone

⚡ First Success:

• COSCO's Hong Kong-Shenzhen feeder route completed fully digital B/L exchange

• Covers both Seaway Bills and Telex Releases

• Expands 2024 achievement of paperless liner imports

Tech Backbone:

• Homegrown blockchain platform by Yantian International

• Smart contracts + military-grade encryption

• Granular data access controls

2. Tangible Benefits

⏱️ 10-Minute Processing (vs. 2 days previously)
75% Step Reduction: 4 steps → 2 steps
Carbon Cut: Eliminates 23kg paper waste per 100 TEUs

3. How It Works

1️⃣ Carrier Issues e-B/L on blockchain
2️⃣ Customs/Port Auth verify via encrypted nodes
3️⃣ Real-Time Release with digital signatures

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Why This Matters

✅ Security: Tamper-proof records prevent B/L fraud ($600M annual industry loss)
✅ Efficiency: Cuts vessel dwell time by 4 hours per call
✅ Scalable: Platform ready for all Chinese ports

"This isn't just paperless—it's a new trust architecture for global trade." — Yantian Port CTO