Streamlining Trade Processes through Distributed Ledger Technology
If you are an institution investor, family office or an accredited fund looking at Trade Finance as an asset class we bring this lucrative market to you in a very structured way.
Using distributed ledger technology, shippers will share their trade document with proof of authenticity and origins for these documents, enabling a more seamless and efficient flow of goods between digitally interconnected trading partners. Documents they will share are as below –
Warehouse Receipts- Certificate of Origin
- Commercial Invoice
- Packing List
- Bill of Lading
- Customs/Goods Declaration
- Insurance Certificates
The above documents will be created over an MLETR-compliant solution to ensure the verification of authenticity and provenance of the digital trade documents mentioned above. In addition, the solution is designed to handle electronic transferable records like electronic Bills of Lading (eBL) in a way that fulfills the three criteria stipulated by the UNCITRAL Model Law of Electronic Transferable Records (MLETR) which are to maintain singularity, exclusive control, and integrity. The current version can perform a transfer on trade documents with titles (such as eBL) electronically, which is pivotal in transforming paper-based processes to digital ones for cross-border trade.