In our latest quarterly issue: Bridging the global trade finance gap through digitization & standardization, tracing the myriad of blockchain-based trade projects/solutions to-date, overcoming inter-connectivity challenges to accelerate digital trade plus much more! + SUBSCRIBE

Industry News & Views

ICC, TFG & WTO Study: Blockchain & DLT in Trade – A Reality Check: Insights from a recent whitepaper covering major blockchain trade finance projects & solutions, incl. challenges faced and key developments to-date (source: TFG). + READ MORE

Plain-Sailing Future for Trade Finance Digitization: Industry insights & commentary on tackling the 'digital islands' & standardization problems in trade, as the industry accelerates its transition from paper to digital (source: Global Finance Magazine). + READ MORE

Digital tech can help narrow trade finance gap: An economist’s view on the role of tech in narrowing the $1.5T trade finance gap, and the 3 key challenges faced to overcome the unmet need for trade finance (source: The Daily Star). + READ MORE

ICC – Working together in trade to tackle compliance: Complying with mounting regulation plays a key role in maintaining the global trade finance gap, yet digitization & standardization will foster a sustainable trade finance industry in the future (source: TFX). + READ MORE

Trade Finance Disruption With The Bank In Mind: A view on overcoming challenges in trade finance digitization, with a focus on simplifying and streamlining complex bank-to-corporate relationships and interactions via tech platforms (source: PYMNTS). + READ MORE

Global Trade Finance move to digital: Calls for moving to digital trade finance and leveraging tech such as IoT, AI and robotic automation, in an industry where transactions are still manually processed, prone to errors and dominated by paper (up to 75%) (source: Finextra). + READ MORE

Incoterms 2020 – 7 key changes you need to know: The substance of the ICC’s Incoterms 2020 has not changed considerably, but the 7 key changes highlighted in this article are crucial for trade specialists (source: TFG). + READ MORE

Natural Resource Supply Chains and Trade Finance – A View Into The Future: A look inside future of Metals & Minerals digital trade & trade finance supply chains, with an emphasis on blockchain-powered paperless trade (source: Global Banking & Finance Review). + READ MORE

PH accedes to UN treaty on paperless trade across Asia-Pacific: Philippines becomes the 1st Asean country to approve a UN treaty facilitating paperless trade across the region, with full-implementation trade cost reductions estimated at 10-30% (source: Inquirer.net). + READ MORE

Consortium deals - a surer route to digital transformation?: Consortia are an increasingly important weapon in the armoury of companies looking to use tech to disrupt outdated & inefficient marketplaces, alongside traditional M&A and JVs (source: Lexology). + READ MORE

Forget the paper trail — blockchain set to shake up trade finance: An overview on paperless blockchain initiatives in trade finance from the FT, positing that DLT can further streamline process and open up markets for creditors and borrowers alike (source: Financial Times). + READ MORE

100 Stats On Digital Transformation And Customer Experience: 100 facts & figures showing the growth & momentum of digital transformation, its impact on customer experience and digital challenges/opportunities for the future (source: Forbes). + READ MORE

essDOCS News

Rio Tinto & Hydro execute first ever paperless alumina shipment: CargoDocs recently enabled the first ever paperless trade transaction in the alumina commodity segment – marking a major digital trade milestone. + READ MORE

Cmatch to enable Bank Payment Obligation (BPO) continuity & facilitate fully digital trade finance: Introducing Cmatch – our newly-launched transaction matching application – soon rolling out with MUFG & UniCredit, with more participants to be announced. + READ MORE

essDOCS & FreightRoll announce partnership to offer FreightDocs solution for trucking industry: Announcing our FreightDocs solution for digitizing paper processes in the trucking industry, in partnership with FreightRoll. + READ MORE

essDOCS joins the Trade Digitization discussion at the 8th China International Oil & Gas Trade Congress: Discussing the application of eDocs & blockchain in digitizing energy trade alongside panel experts from Sinochem, COSCO and Shell. + READ MORE

essDOCS in Numbers