A technical tool to assess the reliability of digital services or networks, launched today, will facilitate the transfer of Electronic Transferable Records (ETR) between supply chain parties.
Developed by the International Chamber of Commerce (ICC)’s Digital Standards Initiative (DSI) and the Digital Governance Council (DGC) of Canada, the new assessment framework enables an entity to deploy ETRs in place of paper trade documentation assessing a platform’s ability to effect the transfer in conformity with the definition of the Model Law on Electronic Transferable Records (MLETR) definition of reliability. As more economies align to the MLETR, the assessment allows for service providers to assert their reliability through a commonly accepted market standard.
ICC DSI and the DGC led a working group of standards bodies, technical experts, assessment firms, and commercial and industry entities to develop the tool that holds potential to become a major credential for this part of digital trade services. The working group operated with advice from the Industry Advisory Board of ICC DSI.
The assessment framework was recently piloted by several ETR service providers to test its robustness, utility and market relevance. It has been released as a beta version for self-assessment, while plans for a certification with third party assessment are in development.
Related:
- Main principles: Trust in Trade
- Framework and Documentation
Source: ICC Digital Standards Initiative