Trials
Over 60 industry players, 14 government bodies and Trade Association and Chambers, and 36 platforms have successfully conducted trials for Trade Finance and Cargo Release use cases.
|
Trade Lane (Port Of Load - Port Of Departure) |
Companies |
Document Types |
|
Vietnam - Netherlands |
Olam
|
Bill of Lading |
|
Rio Tinto
|
Certificate of Origin |
|
|
Emirates NBD - DBS |
Bill of Lading |
|
|
DBS(SG) - DBS(AD) |
Bill of Lading |
|
|
StanChart (SG) - StanChart (AD) |
Bill of Lading |
|
|
ExxonMobil SG/ TH
|
Bill of Lading |
|
|
Maersk
|
Bill of Lading |
|
|
Pacific International Lines
|
Bill of Lading |
|
|
China (Shanghai) - Singapore |
Pacific International Lines
|
Bill of Lading |
|
UK - Singapore |
Tradeflow Capital
|
Bill of Lading |
|
Maersk
|
Bill of Lading |
|
|
Maersk
|
Bill of Lading |
|
|
Bahrain - Melbourne |
ONE
|
Bill of Lading |
|
China Road and Bridge Construction (Beijing)
|
Bill of Lading
|
|
|
Minimax (Beijing) Fire Fighting System Co.,Ltd.
|
Bill of Lading |
|
|
COFCO International (Beijing)
|
Bill of Lading
|
Other trials:
|
Trade Lane (Port Of Load - Port Of Departure) |
Document Types |
|---|---|
|
South Africa - China |
Invoice, Packing List, other digital docs |
|
Japan - Philippines |
Bill of Lading |
|
Singapore - The Netherlands |
Bill of Lading |
|
Indonesia - USA |
Bill of Lading |
|
Thailand - Singapore |
Bill of Lading |
|
UK - Singapore |
Bill of Lading |
|
China (Shenzhen) - Singapore |
Bill of Lading |
|
Thailand |
Bill of Lading |
|
Abu Dhabi - Thailand |
Bill of Lading |
Contact us for more information and use cases.
Proven Benefits
According to COFCO Industrial Food, "Traditional paper-based Document against Payment processes, the period from shipment to payment settlement typically took around 20 days, while digitisation slashed this to just five days, minimising delays in document processing and transfer while significantly improving capital turnover efficiency."
Document Against Payment Trade Financing Use Case Video
The Singapore and India trial resulted in a reduction of the total trade finance lead time from 25 to 30 working days when using paper-based documentation to only 10 working days with TradeTrust-enabled documents. All parties benefited from efficiency gains, elimination of manual processing and errors, and a reduction in the risk of fraud.
MTI TradeTrust Pilot Case Study Video
The Singapore and Netherlands trial saw significant time savings in the Bill of Lading (BL) documentation process from an average of six to 10 days when using a hardcopy, to less than 24 hours when using an electronic BL.
“The successful application of blockchain technology in this trial has shown us the potential to considerably improve turnaround times for the exchange of trade documentation from 48 hours to just under a day–a huge benefit in terms of efficiency, security and interoperability across systems.” said Alf Barrios,Chief Commercial Officer, Rio Tinto.
Join us for proof of concept and adoption.