The arguments for digitalising trade processes are well known. Paper-based processes are inefficient, error-prone, and subject to frequent delays––particularly in times of disruption.
Electronic trade documents coming to the UK: Enigio looks at the impact of digital legislation on bills of exchange
During the Queen’s Speech on 10 May 2022, Prince Charles, standing in for the Queen, announced that the Electronic Trade Documents Bill among the list of legislation that the Government intends to pursue in the upcoming parliamentary session.
In this article, Gunnar Collin, head of sales and marketing at Enigio, talks about the development of trace:original – a digital original document in its true sense
By integrating the DLPC structure into trace:original documents, the benefits of a payment undertaking supported by BAFT’s best practices can be enjoyed while avoiding the potential drawbacks of a closed consortium.
By understanding how paper documents work, we explore whether trace:original by Enigio, is an alternative way of approaching digital trade.
MLETER demands both verification and data privacy, trace:original may offer the answer.