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From Bills Of Lading To Blockchain Structures: Part 1

Law360, New York (August 10, 2017, 11:36 AM EDT) -- A bill of lading is an old form of legal document. Early progenitors of the bill of lading emerged in the seventeenth and eighteenth centuries as medieval trading practices yielded to more modern mercantilism.

As merchants ceased embarking personally on ships to accompany their shipped goods, but instead entrusted the goods to the shipper to transport and deliver at their destination, those merchants needed a way to make tangible and transferable the right to receive the entrusted goods and the contract of carriage of those goods....
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