TradeTrust Newsletter March 2025

Why is Trade Digitalisation important to you?

Trade digitalisation streamlines cross-border trade by replacing cumbersome paper-based processes with efficient, MLETR-compliant digital solutions. This shift reduces operational costs and transaction times and enhances security and compliance. Moreover, it fosters financial inclusion by enabling new companies to participate in global trade with alternative financing options, even without established trade or credit history.

Credore's blockchain-backed platform ensures transparency, trust, and adherence to global standards and sustainability goals. Ultimately, trade digitalisation empowers Credore to scale its operations, onboard diverse stakeholders, and realise its vision of reducing cash flow cycles to zero, thereby making global trade processes better, faster and more efficient.

What are some of the benefits of using TradeTrust for Credore’s ecosystem?

TradeTrust reduced courier and document handling costs by 50% to 80% and expedited document processing from days to mere minutes. This efficiency translates to faster cargo access and financing. TradeTrust's blockchain-based system also ensures tamper-proof documentation, helps us mitigate fraud risks, and reduces potential disputes. The system’s interoperability attracts a wider range of stakeholders, fostering greater adoption of Credore's ecosystem. These advantages collectively enhance efficiency, trust, and scalability, and establish Credore's ecosystem as a robust solution for global trade digitalisation.

Credore is among the eight pioneering companies selected for the first cohort of the TradeTech Regulatory Sandbox, recently launched by the World Economic Forum in partnership with the Ministry of Economy, United Arab Emirates, and the Abu Dhabi Department of Economic Development, to drive innovation in cross-border digital trade regulations.

Catch Episode 3 of the TradeTrust Podcast

Special Guest for Episode 3: Dr Tom James, CIO, CEO and Co-Founder of TradeFlow

Listen to Thought Leaders’ views and opinions on Trade Digitalisation, with Industry Experts covering diverse perspectives. Hosted by Mr Loh Sin Yong, Senior Principal Consultant of TradeTrust, this episode dives into trade finance and how the digitalisation of trade documents and processes addresses the trade finance gap and touches on the importance of the scalability of digital solutions in the trade finance ecosystem.

Listen to Thought Leaders’ views and opinions on Trade Digitalisation, with Industry Experts covering diverse perspectives. Hosted by Mr Loh Sin Yong, Senior Principal Consultant of TradeTrust, this episode dives into trade finance and how the digitalisation of trade documents and processes addresses the trade finance gap and touches on the importance of the scalability of digital solutions in the trade finance ecosystem.

Version 5 of our Token Registry smart contracts introduces significant updates to improve functionality, control, and compliance with IG P&I requirements. These enhancements provide robust features for managing transferable records effortlessly while ensuring alignment with industry standards.

Key updates include:

• Fully compatible with TrustVC, offering simplified signing and verification processes for W3C Verifiable Credentials and Open Attestation Verifiable Documents

• Support for Remark Field

• Reject functions

Make the easy transition to Token Registry v5 for effortless, secure trade digitalisation with our step-by-step guide.

Click here for more details on Token Registry v5

We are pleased to announce that TradeTrust is now available on the ASTRON network.

ASTRON is a Digital Trust Infrastructure (DTI) designed to foster cross-border trust, enable secure collaboration, and drive global innovation in today’s hyper-connected world.

Born from the need to navigate the complexities of digital connectivity, ASTRON addresses critical challenges in areas such as cross-border trade, finance, carbon neutrality, and AI content management. By leveraging a permissioned public blockchain that operates without relying on cryptocurrency, ASTRON facilitates secure multi-party collaboration, empowering industries to innovate and grow without limitations.

The Pillars of ASTRON: Core Services

ASTRON’s infrastructure is built on three core services that enable secure, efficient, and scalable collaboration across industries and borders:

1. Global Node Network

ASTRON is establishing a worldwide network of interconnected nodes, each managed by trusted entities, to facilitate secure cross-border data exchange. This decentralized approach ensures data privacy, integrity, and efficiency. By partnering with trusted organizations, ASTRON fosters a robust ecosystem that enhances global trust and connectivity.

As one of the largest blockchain infrastructures in China, ASTRON is equipped with 12 super nodes, which have spurred the establishment of more than 60 backbone nodes, reaching across major regions and cities within China and penetrating into key industries such as intelligent manufacturing, finance, digital trade, education, and art. International super nodes in Malaysia, Macao, Xiamen, and Liuzhou have been constructed and put online to provide internationalized services. The construction of the Hong Kong node has been initiated. The construction of international nodes in Singapore, Saudi Arabia, Mongolia and Cambodia have been continuously advanced.

2. Advanced Technology and Platforms

Powered by Decentralized Identifiers (DID) and Self-Sovereign Identity (SSI), ASTRON provides secure, verifiable digital identities, ensuring privacy and control over personal and organizational data. These technologies form the foundation for trust-based interactions, reducing reliance on centralized authorities and enhancing security in digital transactions.

ASTRON offers a suite of platforms catering to developers, node operators, and end-users:

3. Industry-Specific Solutions

ASTRON’s infrastructure is designed to address industry-specific challenges, driving innovation in trade, sustainability, and AI governance.

Cross-Border Trade: ASTRON enhances transaction verification, reducing costs and delays while improving transparency. Its collaboration with TradeTrust enables secure and efficient Electronic Bill of Lading services, accelerating the transition to paperless trade. ASTRON has become an officially supported underlying infrastructure within the TradeTrust framework. Its fully crypto-free solution powers the China-Singapore Electronic Bill of Lading pilot, ensuring efficiency, security, and compliance. Together, ASTRON and TradeTrust are driving digital transformation and innovation in global cross-border trade. ASTRON U Code establishes a trusted product testing and certification system, facilitating seamless digital trade between nations. Additionally, through its partnership with MYEG, ASTRON offers Certificate of Origin verification and Enterprise Trade Financing, expediting customs clearance and lowering financing costs for businesses.

Sustainability: ASTRON’s carbon credit management system ensures precise tracking and verification of carbon offsets, enhancing accountability and compliance. Partnering with Siemens’ SiGREEN platform, ASTRON provides trusted carbon footprint auditing and traceability services, helping export companies streamline carbon audits, meet international disclosure requirements, and strengthen global competitiveness.

Why ASTRON Matters

In an increasingly digital world, ASTRON serves as a beacon of trust and innovation, addressing critical challenges:

ASTRON is more than a platform — it’s a movement toward a trusted digital future. Whether you’re a developer creating next-generation applications, a business optimizing global operations, or an individual prioritizing privacy and security, ASTRON provides a secure, transparent, and connected ecosystem.

Join us in shaping the future of digital trust. Together, we can unlock the full potential of global connectivity and drive innovation without limits. Welcome to ASTRON—where trust meets technology.

Learn more at astron.bitfactory.cn/home

About TradeTrust

TradeTrust: Connecting governments and businesses for cross-border trade

Discover how TradeTrust lets you create, exchange, verify, and transfer ownership of digitised documents securely.

World’s first live Electronic Transferable Record (ETR) cross-border trade through TradeTrust

Hear from ExxonMobil and Bunkerchain as they share their experiences and benefits of going digital in cross-border trade with TradeTrust.

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