The future of forwarding operations through DX.
Explaining the digital forwarding blockchain platform!
Forwarding operations are essential for international logistics. In export and import transactions involving trade, various exchanges of information are conducted among exporters, logistics companies, customs authorities in various countries, banks, insurance companies, and exporters to facilitate smooth transactions. This includes the creation and sending of invoices and packing lists, opening letters of credit (L/C), overseas remittances, booking of trucks, ships, and airplanes, customs clearance for imports and exports, concluding insurance contracts (coverage), and issuing bills of lading (B/L), all of which are carried out on a daily basis. Most of these exchanges used to be conducted through the transfer of documents, but advancements in digital technology have led to a shift towards paperless operations. It is said that in the next ten years, this forwarding business will undergo even greater changes. This article will explain two major factors that will bring about these significant changes: "digital forwarding" and "blockchain platforms by shipping companies, customs authorities, and financial organizations in various countries." *For more details about the blog, you can view it through the related links. Please feel free to contact us for more information.*
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