WAVE

WaveBL operates a blockchain-based platform for the secure, encrypted and authenticated transfer of electronic bills of lading (eBLs) and related trade documents between participants in international shipping and trade. The platform supports both master and house bills of lading, and includes functionality for acting on behalf of shippers and consignees, allowing users to perform operational tasks for non-possessory parties. It also enables eBL transactions outside the platform itself: counterparties can receive and handle documents via a secure email connection rather than being onboarded to the network in advance.

The company positions the product as extending beyond eBLs into a broader digital document hub covering all trade documents, with AI-based features intended to turn static documents into structured, actionable data and to provide real-time business insights. Stated benefits include workflow automation to reduce processing time and cost, document integrity and confidentiality through a patented blockchain approach to prevent fraud, and reduced paper use for sustainability reporting purposes. Customers cited on the company's site include ocean carriers such as MSC, ZIM and PIL, and freight forwarders and logistics operators including Hecny Group, MTS Logistics, KPM Logistics, Pegasus Maritime, Safe Logistics, Asia Shipping, RS Logistics, Interglobo, Savino Del Bene and SWIFT Cargo.

Business model

WaveBL supplies software to parties in international trade — container lines, forwarders, shippers and consignees — for issuing, transferring and managing electronic trade documents on a shared network. Adoption by carriers and forwarders extends the network to their customers, and documents can also be exchanged with counterparties outside the platform via secure email.

Traction

The company reports presence in more than 100 countries, over one million eBL issuances, and a 65% share of the eBL market. Carriers including MSC, ZIM and PIL and multiple freight forwarders are cited as users, with ZIM describing completed integration with its legacy systems and reported reductions in document transfer times from days to seconds.

Latest developments

In June 2026 the company reported that five eBL platforms, including WaveBL, adopted the DCSA standard to enable cross-platform eBL exchange, and announced a connection with TradeWaltz linking the two digital trade networks to expand access to Japan trade finance. In May 2026, Capital4Trade and Tech Cargo completed a digital trade finance transaction using a WaveBL eBL together with DeFi liquidity. The company also reports completing a network connectivity proof of value with Swift.