WaveBL Electronic Bill of Lading & Digital Trade Hub

WaveBL, operated by OGY Docs Inc., is an Israeli company founded in 2015 that provides a blockchain-based platform for electronic bills of lading and trade documents. It addresses slow, costly and fraud-prone paper documentation between carriers, forwarders, cargo owners and banks.

The platform enables instant, encrypted and authenticated transfer of master and house eBLs, with on-behalf actions for shippers and consignees and transfers to parties outside the network through secure email. It is extending into a digital hub for all trade documents, using AI to turn static files into usable data, along with a customs module, trade finance workflows with banks, eBL verification and a zero-carbon eBL programme. Users include ocean carriers such as MSC, ZIM and PIL, forwarders, cargo owners and banks.

• Master and house eBL: issue, endorse and surrender electronic bills of lading.
• Transfers outside the platform: non-member parties handle eBLs via secure email.
• On-behalf actions: forwarders or agents act for shippers and consignees.
• Digital Hub: AI turns trade documents into live data in one place.
• Trade finance: digital letters of credit and bank workflows on eBLs.
• Interoperability: DCSA standard exchange with other eBL platforms such as TradeGo.

• A Vietnamese exporter shipping with MSC, ZIM or PIL can receive eBLs and endorse them to buyers electronically.
• A forwarder in Hai Phong can issue house eBLs to customers and avoid courier costs.
• A Vietnamese bank can process documentary credits on electronic documents with an audit trail.

• Document transfer times fall from days to seconds, as reported by ZIM after integrating WaveBL.
• KPM Logistics reports savings of up to USD 50 and 2.5 hours of work per bill of lading.
• Hecny Group reports a 33% efficiency gain because the eBL process has far fewer steps.
• Forwarders can work with many carriers on one system instead of separate carrier platforms.

Carriers have committed to move towards full eBL adoption under DCSA standards, and banks are piloting digital letters of credit with networks such as Swift. Asian carriers like PIL already offer WaveBL eBLs, which brings the option to Vietnamese shippers and banks on intra-Asia and long-haul trades.

WaveBL is led by CEO Noam Rosenfeld and co-founder and CTO Or Garbash; its investor NewRoad Capital Partners lists Tel Aviv as headquarters. The site cites 100+ countries, 1M+ eBL issuances and a 65% eBL market share. Bank use cases include Lloyds (December 2025) and U.S. Bank (July 2025).