WaveBL
About WaveBL
The startup offers a blockchain-based platform for the electronic transfer of Bills of Lading and related trade documents, ensuring instant, encrypted, and authenticated transactions. This solution addresses the inefficiencies and security risks associated with traditional paper-based documentation in global trade, facilitating secure communication among shipping companies, agents, brokers, and banks.
```xml <problem> Traditional Bills of Lading (BLs) and trade documentation rely on paper-based processes, leading to inefficiencies, delays, security vulnerabilities, and increased costs in global trade. The manual handling of documents increases the risk of fraud, loss, and errors, while also hindering real-time visibility and collaboration among stakeholders. </problem> <solution> WaveBL offers a blockchain-based platform for the secure and efficient electronic transfer of Bills of Lading (eBLs) and other trade documents. The platform digitizes the entire documentation process, enabling instant, encrypted, and authenticated transactions among shipping companies, agents, brokers, and banks. By eliminating paper-based processes, WaveBL reduces document transfer times from days to seconds, minimizes the risk of fraud, and enhances security through a patented blockchain solution that ensures document integrity and confidentiality. The platform also supports managing eBLs directly via secure email connection, eliminating the need for pre-onboarding for non-possessory parties. </solution> <features> - Electronic Master and House Bill of Lading issuance and transfer - Digital Document Hub for managing all trade-related documents in one place - Structured Bank Presentation for streamlined financial transactions - Shipping Instructions module for efficient communication of shipment details - Certificate of Authenticity for verifying document authenticity - Blockchain-based security to ensure document integrity and prevent fraud - Real-time AI data for business insights and decision-making - Full support for On Behalf parties, allowing actions on behalf of shippers/consignees - Integration with legacy systems for seamless transition - API for managing master and house bills of lading on one platform </features> <target_audience> The primary target audience includes freight forwarders, beneficial cargo owners, ocean carriers, and banking institutions involved in global trade. </target_audience> <revenue_model> The revenue model is not explicitly stated, but it can be inferred that revenue is generated through software licensing fees, transaction fees, and subscription fees for platform access and usage. </revenue_model> ```
What does WaveBL do?
The startup offers a blockchain-based platform for the electronic transfer of Bills of Lading and related trade documents, ensuring instant, encrypted, and authenticated transactions. This solution addresses the inefficiencies and security risks associated with traditional paper-based documentation in global trade, facilitating secure communication among shipping companies, agents, brokers, and banks.
Where is WaveBL located?
WaveBL is based in Wilmington, United States.
When was WaveBL founded?
WaveBL was founded in 2015.
How much funding has WaveBL raised?
WaveBL has raised 44120000.
- Location
- Wilmington, United States
- Founded
- 2015
- Funding
- 44120000
- Employees
- 85 employees
- Major Investors
- NewRoad Capital Partners