Analyses
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Together, they experiment with EBSI to make information easy to verify and almost impossible to fake. This for better mobility of our citizens, better quality of our products, and better economic development of our enterprises. Source: EBSI, European Commission Read more
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The Digital Standards Initiative (DSI) of the International Chamber of Commerce (ICC) is on a mission to digitalise global trade by addressing some of the biggest challenges facing governments, businesses and people today. Among the four challenges1we have identified, perhaps the steepest one is around standards for interoperability. With hundreds of electronic and digital standards… Read more
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With trade in goods valued at £1.7 trillion and services valued at £896 billion, trade matters to the economy. The UK has a unique opportunity to drive economic growth and improve productivity, by digitalising international trade, reducing bureaucracy, and leveraging the Electronic Trade Documents Act 2023 (ETDA). As the first G7 economy to remove legal… Read more
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In May 2024, the American National Standards Institute (ANSI) began work on a project aimed at enhancing the practical understanding of public-private partnership (PPP) models. The work included examining their use to support standards development for CETs, the role of government in the related activities, and identifying key elements of effective collaborative mechanisms for addressing… Read more
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The emergence of the Port Community System (PCS). The PCS represents a pivotal development in the world of maritime trade facilitation and logistics. These sophisticated digital platforms enable seamless exchange of information, coordination, and collaboration among the port community stakeholders. By streamlining communication and automating data exchange, the PCS drives efficiency, transparency, and security in… Read more
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The Use of Insurance Documents in International Trade – Enabling Digitalisation
For the past few years, work has been underway to harness emerging technologies such as blockchain, smart contracts, the Internet of Things (IoT) and Artificial Intelligence (AI) within the insurance industry. The technologies can be harnessed to digitalise cargo insurance documentation. However, one of the barriers to adopting and using digital alternatives is the legal… Read more
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The e-book provides an in-depth look at the evolving digitalization in trade finance. It discusses how digital solutions are transforming traditional trade processes, improving efficiency, transparency, and security. Key technologies covered include blockchain, artificial intelligence, and electronic documentation, which help streamline operations like payments and risk management. The guide also explores the benefits of adopting… Read more
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Tokenisation is often touted to unlock vast potential, particularly in markets plagued by inefficiency and illiquidity. There is a market consensus forming that investors are drawn to adopt tokenised assets due to reduced transaction costs and enhanced liquidity. For institutions on the supply side, the allure seems to lie in accessing new capital, boosting liquidity,… Read more
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Study on the potential impacts of a future EU-Singapore Digital Trade Agreement
The European Union (EU) and Singapore are currently negotiating a new EU-Singapore Digital Trade Agreement (EUSDTA). The EUSDTA builds on several existing trade arrangements between the EU and Singapore, including a bilateral free trade agreement, the investment protection agreement, which is pending ratification, and a negotiated set of digital trade principles. Negotiations for the EUSDTA… Read more
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Legal Framework for Digital Development and Transformation in Selected Industries
In recent years, the development and widening application of emerging digital technology – e.g. Web 3.0 technology (including distributed ledger technology (“DLT”)), Internet of Things (“IoT”), artificial intelligence (“AI”) and automation – have transformed ways through which economic activities are conducted, leading to the emergence of a “digital economy”. Specifically, Web 3.0 technology may disrupt… Read more