Richard Bex

TradeDigitization.com is putting together a Trade Digitization infrastructure at scale from the prime Web Address for Trade Digitization. It has also developed an asset Tokenization platform featuring unique Global Identifiers. A key objective of the Programme, is to help remove paper in trade, and create an interoperable environment where data for Trade can flow across jurisdictions. Transacting parties also agree that electronic documents have the same legal equivalence as paper documents.  This helps to provide benefits of trade digitization for cross border trade, and to move away from the constraints to paper based trade, that dictate how trade has been done for hundreds of years. It will also help with the adoption of MLETR Benefits of Trade Digitization Paper Based Trade ⦁ Complex and Inefficient ⦁ Prone to human errors and Difficult to maintain ⦁ Does not scale ⦁ Fraud. theft and Lack of traceability Digitized Trade ⦁ Simple and Scalable ⦁ Can Reduce Transaction Times by  90% ⦁ Standardized and Enables evolution ⦁ Automated                                                ⦁ Easy to maintain