- Application
The Trade Trust Token will be used convert hardcopy trade documents into digitally signed assets that are registered as hashes onto a public blockchain. It facilitates interoperability accross different digital platforms or ecosystems by connecting them onto the public blockchain. It will allow negotiable electronic trade documents (e.g. electronic bill-of-ladings) to confer title to meet the requirements of the the UNCITRAL MLTER when transacted across different ecosystems.
The TransDocToken can be used in freight forwarding and financial settlement, provides transparency, increases cost-efficiency, minimalises risk and increases the ease-of-use.
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