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This pioneering document, commissioned with the primary objective of ensuring that blockchain systems align with and promote European values, marks a pivotal moment in the realm of blockchain technology and its ethical implications within the EU framework. It represents a dedicated year-long collaborative effort by a panel comprising ten distinguished… Read more
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Blockchains for Industrial Internet of Things in Sustainable Supply Chain Management of Industry 4.0
The fourth industrial revolution, characterized by the incorporation of automation, digital technology, and data interchange in production environments, is referred to as “industry 4.0”. It is characterized by the use of cutting-edge technologies, including automation, artificial intelligence, the Internet of Things, and data analytics, to enhance processes in industry and manufacturing. Blockchains are distributed, decentralized digital ledgers… Read more
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Electronic Freight Transport Information (eFTI) Regulation
Regulation (EU) 2020/1056, adopted on July 15, 2020, establishes a legal framework for the electronic exchange of freight transport information (eFTI) across the European Union. The regulation aims to digitalise freight transport operations, making it mandatory for public authorities to accept electronic transport documents provided by businesses. This facilitates more… Read more
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Africa is Turning its Attention to Digital Trade
This newsletter focuses into digital trade, particularly highlighting critical issues from Africa’s perspective, such as data governance and the AfCFTA. tralac also explore the forefront technology of artificial intelligence (AI), along with digital governance and digital inclusion. For African countries, the most recent report from 2023 indicates a varied landscape… Read more
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A New Dawn for Trade Finance: How Digital Transformation of Promissory Notes & Bills of Exchange Can Power the CMU and Securitization in Europe
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… Read more
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Accounting for 99% of all digital companies in the Single Market, small andmedium-sized enterprises (SMEs) are Europe’s best hope for achieving andmaintaining digital sovereignty through upskilling and reskilling activities. Theyhave long been among Europe’s most innovative and dynamic companies, playinga crucial role in creating innovative digital training solutions for the… Read more
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Brazil and China Seek Systems Integration to Facilitate Trade Between the Two Countries
On Wednesday, September 25, 2024, Brazil and China signed a Memorandum of Understanding (MoU) to integrate Brazil’s single foreign trade portal with its Chinese counterpart. This initiative aims to enhance the flexibility, security, and efficiency of foreign trade operations between the two nations. The agreement aims to achieve interoperability between… Read more
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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… Read more
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International Trade Administration Announces Efforts to Advance U.S. Competitiveness and Trade in the Digital Economy
Today, the International Trade Administration (ITA) announced a series of new initiatives to advance U.S. competitiveness and trade in the digital economy. These initiatives will support policy advocacy in international engagements, provide tailored resources for U.S. businesses to leverage, and equip ITA’s digital attachés with applied experience to empower them to be… Read more
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In its twelfth edition, the ENISA Threat Landscape (ETL) report offers a broad overview of the cybersecurity threat landscape. Over time, the ETL has served as a crucial tool for comprehending the present state of cybersecurity within the European Union (EU), furnishing insights into trends and patterns. This, in turn,… Read more