Skip to main content

Paperless Trade Insights Q1 2019

Paperless Trade
trade finance
Digital Trade
Trade Facilitation
frictionless borders
electronic bill of lading
electronic Certificate of Origin
  Paperless Insights Q1 2019 HEADER

In our latest quarterly issue: digitization as a key enabler of 'frictionless borders' in times of trade tariff uncertainty and Brexit, country-led paperless trade initiatives, blockchain trade/finance consortia news plus much more! + SUBSCRIBE

Industry News & Views

vakt thumbChevron, Total and Reliance join oil blockchain consortium/platform VAKT: Joining the ranks of VAKT members BP,  Royal Dutch Shell, Norway's Equinor, plus energy traders Mercuria, Koch and Gunvor (source: Reuters). + READ MORE

BAHRAINBahrain becomes first nation to enact UNCITRAL model: Bahrain becomes the first nation to enact the UN's Model Law on Electronic Transferable Records (MLETR), part of a series of reforms to bolster digital readiness for the GCC's $1.5tn economy (source: BNA). + READ MORE

Singapore digitized docs thumbSingapore to launch pilot for digitizing shipping documents: Coverage on Singapore’s slated TradeTrust pilot project for digitized Bills of Lading, which will require legislative changes to the country’s Electronic Transactions Act (source: Straits Times). + READ MORE

brexit irish border thumbSoftening Hard Borders through Tech - Brexit & the Irish Border: Leading Customs & Trade expert, Gareth Lewis, weighs in on the critical role of tech in potentially resolving the current Brexit/Irish border deadlock (source: essDOCS). + READ MORE

JD SUPRAWTO predicts “revolutionary” impact of blockchain on trade: Highlights from a recent WTO report on the potential of blockchain tech to revolutionize trade processes, also outlining regulatory challenges presented by the new tech (source: JD Supra via WTO). + READ MORE

McKinsey CoGlobalization in transition - The future of trade and value chains: Insights on the key forces reshaping global value chains, incl. trade digitization, which will continue to play a key role in enabling speedier, frictionless trade (source: McKinsey & Co). + READ MORE

CBIC THUMBCBIC moves to paperless transactions: India’s Indirect Tax & Customs Authority (CBIC) recently announced its ‘iCODE’ & ‘ICEDASH’ initiatives, to partially digitize customs clearance processes for relevant supply chain stakeholders (source: Hindu BusinessLine). + READ MORE

consort energy bcU.S. blockchain consortium launches to lead adoption in oil & gas : Majors including ExxonMobil, Chevron & others partner to establish the OOC Oil & Gas Blockchain Consortium, the first US-based industry consortium of its kind (source: BusinessWire). + READ MORE

PHILIPPINES FLAG THUMBCustoms issues rules for electronic Certificates of Origin: The Philippines' Customs Bureau issues rules & guidelines for the application, submission & processing of all electronic Certificates of Origin (eCOs) through its TradeNet portal (source: BusinessMirror). + READ MORE

Denmark Trade FacilitationDenmark backs innovative trade facilitation initiative: Denmark becomes latest donor government of the Global Alliance for Trade Facilitation, a public-private initiative aimed at making cross-border trade simpler, faster & more cost-effective (source: GATF). + READ MORE

SATYA NIDELLA AND MAERSK CEOMicrosoft CEO interviews Maersk CEO: Brief, insightful video feat. Satya Nidella talking with Maersk CEO, Søren Skou, on how tech is transforming the container transport industry and his predictions for the future of digitized shipping (source: Yeforum via YouTube). + READ MORE

anz bluenotesKeeping up with digital trade finance: An Australian perspective on digitizing trade finance, feat. key data & overviews on recent global/local trade & tech trends to make the case for paperless trade (source: ANZ Bluenotes). + READ MORE

ghana importsPaperless port system prompts import revenue growth in Ghana: The country's Revenue Authority (GRA) reports annual import revenue growth of approx. 4% as a result of its new paperless port clearing system (source: GTR). + READ MORE

ibsSupply chains must go digital or suffer: Trade Advisory Network co-Founder, John Bugeja, on the importance of digitized trade, incl. blockchain’s potential to enhance trade visibility & certainty, potentially opening up financing for SMEs within a chain (source: IBS Intelligence). + READ MORE

trade facilitation allianceGlobal Alliance for Trade Facilitation Annual Report 2018: A snapshot of the Alliance's achievements in steering governments and stakeholders to adopt systems/processes that enhance frictionless trade & borders (source: GATF). + READ MORE

essDOCS News

VOLTRON THUMB NEWSLETTERessDOCS partners with Voltron: Integrating our CargoDocs DocEx solution into the blockchain trade finance application, covering 8 current Voltron consortium member banks+ READ MORE

olam thumb newsletterOlam International goes live with CargoDocs: Recently completing its first ever live transaction using CargoDocs electronic Bills of Lading (eB/Ls) combined with ePresentation. + READ MORE

hiring thumb newsletteressDOCS is hiring: Seeking an enthusiastic DevOps Engineer to join our London office. + READ MORE

essDOCS in Numbers

Paperless Insights Q1 2019 Metrics


Share this article: