MHUB receives grant for use of electronic Bills of Lading The Maritime and Port Authority of Singapore awarded MineHub ($MHUB.v $MHUBF) a grant to co-fund a project using the MineHub platform to promote open standards and interoperability of electronic Bills of Lading!
$MHUB CEO commented "The Singapore government's support through its institutions like the MPA and the IMDA is instrumental in pushing the industry forward towards digitalization. We are very pleased to contribute to this drive, and work with the industry to promote the use of electronic Bills of Ladings, enabling interoperability between platforms and existing providers through open standards."
The Bill of Lading is the most important international trade document, underpinning all seaborne transactions (80% of global trade), but it has prevented trade to be fully digitalized, resulting in being a major source of processing costs and time delays.
As $MHUB is focused on removing friction from supply chain operations through digitalization, enabling and promoting the use of electronic Bills of Lading is a significant opportunity for $MHUB.
https://finance.yahoo.com/news/minehub-awarded-funding-maritime-port-120000971.html