Until the recent drive towards digitalisation and modernisation, the processes involved in an international end-to-end transaction could be long, cumbersome and expensive. From the shipping of goods to the payment of an invoice, the overall transaction would take place through a collection of individual, fragmented and often siloed procedures, from the issuance of paper trade… Read more
UKEF’s Impact Framework sets out how the department will measure the real-world impact of its financial support, while aligning with government priorities for growth, clean energy and industrial strategy. Each year, UKEF provides billions of pounds of financial support, helping businesses across the whole of the UK to export. This support is crucial, allowing UK… Read more
This smart contract Primer (referred to henceforth as this “Primer”) provides an initial overview of what smart contracts are, how they are being implemented within financial services and proposes how to apply existing legal and regulatory frameworks to mitigate risks from utilizing such technology. Developed by the members of Global Financial Markets Association (“GFMA”) and… Read more
Digital identity plays a crucial role in fostering a secure, inclusive, and efficient digital transformation by enabling individuals and businesses to prove their identity and share verified information through digital means. The rising demand for digital services across the public and private sector, along with concerns about digital exclusion, cybersecurity threats, and the misuse of… Read more
In this second paper in our two-part series, we explore the benefits of deploying the CSC API within the European digital identity framework. These benefits include interoperability between e-signing platforms and remote signature creation devices, enhanced security, ease of use, flexibility, and compliance with EU laws. The CSC API’s use extends beyond EU borders. It… Read more
This white paper has been created under the purview of the UN/CEFACT cross-border management domain and focuses on improving the cross-border flow of all types of freight consignments by applying digital solutions. A digital corridor is an electronic platform that connects multiple trade ecosystems (e.g. air/ocean/land community systems or single window systems) to share the… Read more
The digital economy is growing at an unprecedented rate, accounting for nearly 16% of global GDP today, and 18% by 2028. Southeast Asia is a particular powerhouse, with the digital economy projected to exceed USD$1 trillion by 2030. Digital trade is estimated to account for around one-quarter of all crossborder commerce. Exports of digitally-delivered services… Read more
Watch this interview with Prof. Alex Grech from 3CL Foundation to delve deeper into EBSI-CAN and their nine-month journey with the NGI Sargasso funding program, and learn about their valuable experiences and insights. In the Transatlantic project, the 3CL Foundation, EBSI, and Verifiable Credentialing in Canada are investigating the potential for EBSI to be implemented… Read more
Increasingly, we are living in a digitally connected world. The global pandemic has had an incredible impact on fast-tracking organizations into digital transformation.Digitalization has gained enormous momentum, largely out of necessity, causing technology transformations years ahead of predicted schedules. Organizations and individuals, during the pandemic, were forced into navigating a remote working environment and it’s… Read more
The Digital Securities Sandbox (DSS) facilitates the use of developing technology such as distributed ledgers in the issuance, trading and settlement of securities in the UK. The DSS is a regulated live environment that has been created to explore how developing technologies could be used by firms to undertake the activities of notary, maintenance and settlement for financial securities either… Read more