This week SGS, the world’s leading inspection, verification, testing and certification company, entered into a strategic alliance with SHIPNEXT to provide inspection services using a blockchain-based solution for electronic bills of lading and smart freight contracts.
With this collaboration, SHIPNEXT intends to provide a reliable and transparent process for title-transfers, based on an electronic bill of lading, where SGS will participate in the verification and reassurance of the actual quality and quantity of the cargo mentioned in the bill of lading through their electronic signature.
SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 97,000 employees, SGS operates a network of over 2,600 offices and laboratories around the world.