WAVE BL
WAVE BL offers a platform for electronic Bills of Lading (eBLs) that ensures secure and efficient trade document management using blockchain technology. The company provides tailored solutions for various stakeholders in the shipping and banking industries and has secured $37 million in funding.
Services
WAVE BL offers a platform for electronic Bills of Lading (eBLs) that ensures secure, efficient trade document management. The company provides a Digital Document Pouch and Structured Bank Presentation as part of its offerings. These services are designed to streamline operations, reduce dependency on paper, and improve overall sustainability. WAVE BL also provides solutions specifically tailored for ocean carriers, beneficial cargo owners, freight forwarders/NVOCCs, and banking institutions.
Products
WAVE BL features an array of products that enhance trade document management, including the Digital Document Pouch and Structured Bank Presentation. This platform utilizes blockchain technology to secure transactions and verify the authenticity of documents, thereby ensuring the integrity of digital bills of lading. Their E-Trade API seamlessly integrates with existing systems, facilitating smoother operations for businesses. Peer-to-peer technology supports direct document transmission between users, enhancing efficiency and security.
Technology
WAVE BL leverages innovative technologies to enhance its offerings. The platform employs blockchain technology to secure transactions and verify the authenticity of documents, thereby preventing fraud and enhancing trust in trade processes. Additionally, WAVE BL uses peer-to-peer technology, which ensures direct document transmission between users, reducing the need for intermediaries and streamlining document management workflows.
Sustainability
WAVE BL supports sustainability by reducing paper use and associated pollution. The platform's electronic document management system minimizes the need for physical paper documents, contributing to environmental conservation. By facilitating the digital transformation of trade document management, WAVE BL enables businesses to operate more sustainably, reducing their carbon footprint and promoting eco-friendly practices in the trade industry.
Funding and Recognition
WAVE BL secured an additional $11M in Series B funding, bringing the total to $37 million. This financial backing supports the company's mission to revolutionize trade document management through digital innovation. Furthermore, WAVE BL was nominated as the Best Digital Trade Documents Provider by ICC United Kingdom, recognizing its contributions and excellence in the field of digital trade documentation.