Open Source Standards Enable Digitization with Security and Interoperability in Trade
One estimate shows that global container shipping generates 28.5 billion paper documents a year. Yearly, paper bills of lading cost an estimated $11 billion and still only 1.2% of bills of lading were electronic by the end of 2021. Modernizing the trade industry through digitization is just one of the pain points industry stakeholders at large can agree upon. Simply…