eTEU provides a blockchain-based platform for electronic bills of lading (eBL), enabling secure and efficient document transfers in maritime logistics. By replacing traditional paper documentation, eTEU reduces costs and onboarding time, offering a streamlined solution that is compliant with international trade standards.
Funding
$620K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
JFFounders
Product
Problem
Traditional paper-based bills of lading in maritime logistics are inefficient, costly, and prone to errors, leading to delays and increased operational overhead for all parties involved. The reliance on physical documents also introduces security risks and hinders real-time tracking and management of shipments.
Solution
eTEU offers a blockchain-based platform that digitizes and streamlines the creation, transfer, and management of electronic bills of lading (eBLs). By replacing paper documents with a secure, transparent, and immutable digital record, eTEU reduces costs associated with courier fees and manual processing. The platform ensures compliance with international trade standards, including MLETR and DCSA, and is approved by the International Group of P&I Clubs, providing legal validity and universal recognition. eTEU's architecture simplifies shipping processes, enabling freight forwarders and logistics companies to onboard quickly and efficiently, without the need for installations.
Target Audience
eTEU primarily targets freight forwarders, logistics companies, and other businesses involved in maritime shipping that seek to reduce costs, improve efficiency, and enhance the security of their document management processes.
Features
- Blockchain-based platform for secure and transparent eBL management
- Compliance with MLETR and DCSA standards
- Approval by the International Group of P&I Clubs
- Rapid onboarding process with no installations required
- Customizable document templates and workflows
- Integration capabilities with other shipping and logistics software
- Real-time tracking and management of eBLs