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
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
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
This podcast explores the potential benefits of digitizing bills of exchange and promissory notes, highlighting how it can improve trade finance and working capital solutions, particularly for small and medium-sized enterprises (SMEs). It emphasizes the advantages of digital documentation, including increased efficiency, cost reduction, risk mitigation and improved access to financing. The document also examines… Read more
Trust lies at the foundation of all commercial and administrative transactions, which for centuries have relied upon the handwritten signature for authentication. As transactions are digitalized, the signatures that provide trust in them must also become electronic. The lack of trusted and legally recognized means of authenticating electronic transactions has forced a continued reliance on… Read more
Discover ‘The State of the Industry 2024 – Insights on Digital Evolution in Container Shipping’ report, a milestone in the industry’s digital transformation journey. This comprehensive study explores the progress made, the challenges faced, and the role of standards in driving change. Through insights from 400 senior decision-makers and 35 in-depth interviews, the report provides a… Read more
Australian Government undertaking a public consultation to advise on options for implementing legislation aligned with the Model Law on Electronic Transferable Records (MLETR). The MLETR is a model law developed by the UN Commission on International Trade Law (UNCITRAL). It contains a set of provisions which, if adopted into domestic law, would confirm that transferable… Read more
The UK – Southeast Asia Trade Digitalisation Pilots (TDP) is a public-private funded project that has facilitated digitalised shipments between the UK, Singapore, and Thailand. The UK government appointed the British Chamber of Commerce Singapore, with support and co-funding from industry partner LogChain, to deliver the project. The TDP builds on the success of the first… Read more
The Cloud Signature Consortium welcomes changes to the eIDASRegulation that pave the way for a new and ambitious European digitalidentity framework. At its core is the European digital identity wallet.This will provide EU citizens and residents with a secure and convenient formof digital identification to access public and private sector services throughoutthe entire EU bloc.… Read more