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Emmanuelle GanneSenior AnalystWorld Trade Organization

Blockchain platforms in trade

1. Key features and key benefits

2. DLT platforms in trade

3. Key issues to address

1. Key features and key benefits

3

Automation

Time-stamping

Peer-to-peer

Transfer of

assets

Greater security

Smart contracts

TRACEABILITY

TRUST

PEER-TO-PEER / REAL TIME

Source: Blockchain and DLT in Trade: A Reality Check (2019)

2. DLT platforms in trade

Source: Blockchain and DLT in Trade: A Reality Check (2019)

Trade finance

Multiple challenges1. Inefficiencies due to paper-based documentary transactions

2. Regulatory compliance requirements increase trade finance costs

3. The USD 1.5 trillion trade finance gap affects primarily SMEs

Open account: We.trade, Komgo, Marco Polo, Finacle Trade Connect

Letters of credit: Contour (ex Voltron), Komgo, Finacle Trade Connect

SME focus: We.trade

Trade finance platforms

transparency, traceability, de-risking, ethical/sustainable sourcing

Supply Chain Finance

Market places

Buyer-seller match-making platformHelps SMEs build a credit history

(traceability)

Transportation and logistics

15

BCO / NVO FFW / CHB / 3PL Inland Transportation

Customs / Government Authorities Ports / Terminals Ocean

Carriers FFW / CHB / 3PL Inland Transportation BCO / NVOPorts / Terminals Customs / Government

Authorities

SHIPPING MILESTONES AND SHIPMENT DATA

STRUCTURED AND UNSTRUCTURED DOCUMENTS

TRADELENS BLOCKCHAIN BUSINESS NETWORK

TRADELENS PLATFORM

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Packing List

Bill of Lading

Export Documentation

Advance Declaration

Pre-Paid Invoice

Certificate of Origin

Shipping Instructions

ISF

Geography Specific Certificate

Dangerous Goods Declaration

Cargo Specific Certificate

Commercial InvoiceCustoms

ClearanceImport Documentation

Not exhaustive list of milestones managed by platform

Not exhaustive list of documents managed by platform

Source: Tradelens

16Source: Tradelens

Increase access to single source information needed to efficiently deliver and managed finance and trade insurance

Real-time visibility of inbound and outbound operations

Improve customer service and reduce network integration costs and revenue leakage

Reduce paperwork and improve risk assessment

Receive real-time and accurate updates on vessel arrivals, improve utilization of assets

Identify and proactively manage unexpected events, reduce surcharges and stockouts

Obtain access to greater death of real-time information with less work, improve customer satisfaction

PORTS / TERMINAL OPERATORS

OCEAN CARRIERS

GOVERNMENT AUTHORITIES

INLAND PROVIDERS

FREIGHTFORWARDERS / 3PL

SHIPPERS / BENEFICIAL CARGO OWNERS

FINANCIAL SERVICES

Trade documentation

Some digitalization projects of interest

AEO Programmes

18

Challenges with AEO MRAs:- manual process of sharing sensitive and/or confidential

data with low standards of security and integrity- difficulty to establish the provenance and traceability of

the data and to guarantee secure access- inability to grant AEO benefits in real time- inability to react in real time when a suspension occurs

Covid-19: when tracking and agile supply chains become vital

Connecting platforms and market places to ease supply chain disruptions

3. Key issues to address

Thank you for your attention!