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Bhutan NDI officially launched in 2023 and introduced Self-Sovereign Identity as a foundational element underpinning a national digital trust ecosystem which connects the government, individuals, and the private sector in their digital interactions. Bhutan NDI and the Trust Over IP Foundation launched the case study on Bhutan NDI’s Digital Trust… Read more
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Deep-Tier Supply Chain Finance: Unlocking the Potential
Deep-tier supply chain finance (DTSCF) not only unlocks finance at favorable rates for deeper tiers in a supply chain, but it promotes an ecosystem of financial stability, risk management, and sustainability throughout the entire supply chain. DTSCF has the potential to reshape and strengthen traditional relationships by fostering more resilient;… Read more
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U.S-EU Joint Statement of the Trade and Technology Council
The sixth ministerial meeting of the Trade and Technology Council (“TTC”) took place in Leuven, Belgium, on 4 and 5 April 2024. It was co-chaired by European Commission Executive Vice President Margrethe Vestager, European Commission Executive Vice President Valdis Dombrovskis, United States Secretary of State Antony Blinken, United States Secretary… Read more
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Working paper: Towards a European “Trade Services” Regulation
Within international trade, transferable documents allow to request delivery of goods and payment based on possession of the document. Yet, it has been difficult to reproduce the notion of possession, which has to do with control over tangible goods, in an electronic environment. In order to address that situation, the… Read more
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Benefits of the Digitalisation of Trade Processes and Cross Border Barriers to their Adoption
Trade digitalisation is the improvement or enabling of processes through leveraging digital technologies and digitised data. In the context of international trade, this involves the digitalisation of trade-related information flows. Digitalisation will enable the exchange of trade-related data, documents, and electronic authorisations between parties in the supply chain. Trade digitalisation… Read more
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Identity is everything. It is key to the inner workings of our societies, governments and economies. Without it, we can only have the narrowest of realities: one without legal agreements, banking services, or even getting paid. Identity is the key to trust, and trust, really, is everything. In our digital… Read more
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EU-Japan Memorandum of Cooperation on Digital Identities and Trust services to implement Data Free Flow with Trust
This Memorandum of Cooperation describes how the Digital Agency of Japan and the European Commission intend to take collaborative actions on digital identity in order to facilitate Data Free Flow with Trust. The Memorandum should be implemented through a number of collaborative actions that will build shared commitment on digital… Read more
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Study on the Potential of Blockchain Technology and Other Digital Tools in Facilitating EU Climate Policy Implementation
This study explores the potential of blockchain technology and digital solutions to support the implementation of European Union (EU) climate policies by the European Commission. The main objective is to identify EU climate policies that can benefit from distributed ledger technologies (DLT) and digital tools. The study comprises three tasks:… Read more
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Recommendations of the European Banking Federation for the EU 2024-2029 term. The concluding legislature has been marked by a series of significant crises at both the international and European levels. Firstly, the global COVID-19 pandemic, then a war on the European continent resulting from the invasion of Ukraine. This conflict… Read more
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Legal Entity Identifiers (LEIs) are the global identity framework for cross-border trade and a foundation on which to deliver a cheaper, faster, simpler, more sustainable and secure trading system. LEIs provide the ability for companies and governments to have total transparency across the trade system: where the goods are, where… Read more