Security and Authenticity
TradeTrust-enabled electronic documents are functional equivalents to their paper-based versions. You can secure any digital document to protect its authenticity and control the possession and actions like endorsement and revocation.
Security
TradeTrust leverages the strength of immutability and security of blockchains, Smart Contracts and Non-Fungible Tokens (NFTs) to:
Demonstrate provenance and integrity, essential for document legitimacy
Present title ownership and enable transfers from one party to the next, and ensure singularity, meaning the unique original copy of the electronic document, using NFTs
Enforce exclusive control (i.e. possessing that Title Document) through Smart Contracts
Authenticity
When you or your trading parties access the .tt file in any TradeTrust-enabled platforms, all can be assured of the authenticity and provenance of a document, irrespective of how a party receives a document or at which stage of the supply chain a party receives it. Your system can extract data from the .tt file for automated processing. Exclusive control is ensured as only one rightful party can possess and claim ownership of the transferable document at any point in time.
SAMPLE: Reference implementation for a TradeTrust-enabled Electronic Transferable Record
Benefits
Improve your business processes
TradeTrust can help improve your business processes whether you are a Banker, Importer, Exporter, Carrier or Digital Trade Platform.