USE CASE: Transferable Documents and its improvements for Trade Finance
See a sample TradeTrust-enabled transferable document workflow and improvements for Exporters, Importers, Bankers and Carriers.
USE CASE: Trade Compliance for Transferable Documents
Observe the transformation brought about by the use of TradeTrust-enabled solutions when dealing with transferable documents such as blank-endorsed electronic Bill of Lading (eBL), where the provenance and authenticity of the document can be easily verified by any party independently with just an internet access or through automation, and the endorsement of eBL digitally.
Diagram explaining the interoperability of TradeTrust-enabled transferable document (Bill of Lading) using public blockchain among carrier, banks, exporter, and importer.
Benefits for IMPORTERS
Benefits for EXPORTERS
Benefits for BANKERS
Benefits for CARRIERS
Security and authenticity
Are TradeTrust documents secured and authentic?
TradeTrust-enabled electronic documents are functional equivalents to their paper-based versions. They are saved as TradeTrust (.tt) files containing the data, which can be easily transmitted to stakeholders across the supply chain over your existing business/IT system via email, FTP, portal uploads/downloads, and legacy EDI systems etc. There are no restrictions on the use of data formats or standards. You can also save the documents in pdf format with a QR code.ary
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TradeTrust Readiness Programme
The programme is supported by the Infocomm Media Development Authority (IMDA). It invites Digital Trade Platforms (DTPs) and carriers within the maritime trade ecosystem to adopt the TradeTrust framework and demonstrate live, cross-platform interoperability for electronic Bills of Lading (eBLs).