Exporter or Importer

Benefits

More Capital Liquidity

Conduct more trades for profit with access to more working capital from banks and alternative financiers with fractionalised financing

Efficient Operational Processes

Enhance productivity and optimise supply chains through rapid exchange of digital information that is transparent and can be trusted

Reduce Cost of Shipping

Lower overhead cost of paper usage and reduce unnecessary demurrage and detention charges of holding cargo due to delay in documentation

How TradeTrust can help in your Trading

TradeTrust facilitates:

1. Digital Trade Financing

   Using TradeTrust-enabled electronic Bills of Lading (eBLs) will improve the cash conversion cycle for businesses as it reduces time lag from delays in paper document delivery. Tokenising real-world assets for eBLs creates the possibility of fractionalised financing with multiple financiers for the same eBL.

   By using digital banking, you can skip the need to submit and collect physical documents from banks or through courier services.

2. Cargo Claim

   Between trade partners, processes and collaborative workflows are optimised with end-to-end transactions that can be traced, as well as documentation and validation checks that are fully automated.

   By enabling the surrendering of the eBL digitally, goods can be claimed in a timely fashion without the need for a paper bill of lading.

3. Risk of Fraud Management

   Electronic documents like bills of lading and certificates of origin expedite trade compliance and cross-border cargo shipping arrangements. Border controls of the importing country perform document checks by automation of the digital copy, or scanning the embedded QR code on printed copies, for instant verification of documents' source and authenticity.

   By enabling an endorsement chain, the real-time transfer of ownership or title of the Bill of Lading, and ensuring traceability and authenticity, the risk of fraud is significantly reduced.

Explore and connect with our community of stakeholders.

For integration of TradeTrust into your existing IT system, use our technical guides. Alternatively, outsource or subscribe to the services of TradeTrust-ready partners.

Try Verify Documents.