Page History

Minimizing the trade finance gap

Tokenization

Digital credentials

Beyond Track and Trace

Interoperability

Governance

• ISO has recently released some new governance documents - Erik Valiquette
• ToIP, Trust over IP Foundation - Alfonso Govela
• Learnings from TradeLens - Perhaps Sophia Brumann?
• Blockchain consortia (WeTrade, Tradelens)
• Political complexities of global trade - One thought on a challenge with governance is simply the political complexity of global trade. As an example, Bangladesh exports are growing (particularly to Europe) but governance only has so much relevance here. We got to a stage with the eBL where it became legally accepted from a technical perspective but their reliance on letters of credit for bill of lading processes means we also needed banks involved in all transactions. And suppliers don't use the large international banks we all know. If you consider that each supplier and buyer needs to be using the same foreign technology, how much power do we really have over small, local banks with legacy systems. We dream big but the reality of implementation has been challenging, regardless of governance. Some interesting discussions to be had, though! - Sophia Brumann