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BSCA Big Impact with Stephan Wolf
I’m excited to share my latest conversation with Stephan Wolf, where we dove deep into the fascinating concept of “zero trust” in cybersecurity. It’s a topic close to my heart, especially as we navigate the increasing demands for trust and transparency in the digital world. Zero trust means no assumptions… Read more
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White Paper Cross-Border Multimodal Digital Corridors for Regulatory-Related Movements of Consignment Data and Consignment Status Information for Trade Facilitation
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… Read more
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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