As part of its strategy to move to 100% electronic Bills of Lading (eBL) by 2030, Hapag-Lloyd has announced plans to adopt an eBL system from technology company IQAX utilising the trade documentation blockchain system operated by the Global Shipping Business Network (GSBN). IQAX is a subsidiary of Orient Overseas International, which also owns shipping line OOCL, a founding member of GSBN. GSBN says that it has collaborated with Hapag-Lloyd and the Digital Container Shipping Association (DCSA) to ensure that eBL data is shared on its network using APIs compliant with the latest version of DCSA eBL API (version 3.0). "In a world where global supply chains are increasing in complexity and volatility, there is a greater need for robust digital solutions to address these challenges," said Nilesh Popat, Director, Service Delivery at Hapag-Lloyd. "The IQAX eBL over GSBN's blockchain network offers our customers greater choice, visibility, and control.