CMA CGM Group has signed a Memorandum of Understanding (MoU) with a consortium of technology partners to advance the interoperability of electronic bills of lading (eBL) using the TradeTrust framework. The initiative marks a significant step toward building a more secure, resilient, and sustainable digital trade ecosystem, reinforcing CMA CGM’s commitment to convert 100% of its original bills of lading to eBL by 2030.
The consortium includes CargoX, eTEU, ICE, and SGTraDex. Together with Singapore’s Infocomm Media Development Authority (IMDA), the group will form a joint working team to oversee trials and technical evaluations. These efforts will focus on enabling seamless data exchange between eBL platforms while ensuring compliance with the UNCITRAL Model Law on Electronic Transferable Records (MLETR).
Key objectives of the collaboration include:
- Assessing the technical, legal, and business feasibility of TradeTrust-enabled interoperability across multiple eBL systems.
- Designing and conducting pilot programs to validate the approach and ensure global compliance with industry standards.
“This initiative reflects our strong commitment to advancing sustainable and secure digital trade,” said Bo Wegener, Chief Executive Officer, CMA CGM Asia Pacific. “Working closely with our partners and leveraging blockchain-based frameworks such as TradeTrust will help accelerate the transition to fully digitalized container trade.”
Johnson Poh, Assistant Chief Executive of IMDA, welcomed the collaboration: “We are encouraged that CMA CGM and other leading players in the trade ecosystem have chosen TradeTrust as their foundation for seamless interoperability of eBLs. We look forward to supporting these trials and driving broader adoption.”
The initiative underlines CMA CGM’s push to modernize global trade documentation, which remains heavily reliant on paper-based systems. By advancing blockchain-enabled interoperability, the Group aims to enhance operational efficiency, reduce fraud risk, and lower the environmental impact of international trade processes.
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