Bolero International has announced new partnerships with two blockchain companies CommChain and Envoy to embed electronic bills of lading into their blockchain-based digital trade platforms built on R3’s Corda.
Australian start-up CommChain and Envoy, based in Latin America, will use Bolero’s electronic bill of lading as-a-service in their highly advanced digital trade platforms built on distributed ledger technology.
“These partnerships confirm Bolero as the number one provider of electronic bills of lading (eBL) to blockchain based trade and supply chain finance platforms,” said the company in its announcement.
As part of the company’s strategy to establish itself as the platform agnostic, interoperable eBL service specialist, Bolero continues to invest in global partnerships with trade platforms across all leading blockchain platforms such as Hyperledger, Corda and Ethereum.
Bolero provides eBL as a service to Contour, a leading trade finance network, and earlier this year, became part of the Marco Polo Network, the world’s largest trade finance and working capital network.
“These partnerships reinforce Bolero’s strategy of easing the adoption of eBL services globally and will help grow the Bolero network of banks, corporate and carriers,” commented Bolero CEO, Andrew Raymond.
