While much of trade finance communication is already digital, one major hurdle remains: the need to manage and present original documents. Despite advancements like portals, secure emails, e-signatures, and SWIFT, paper documents are still widely used to meet legal requirements.
trace:original bridges this gap by offering a digital document with the same properties as paper. It retains all the functionality needed for transactions while remaining platform-independent. Anyone with a computer and internet access can use it—no specific platform or onboarding required.
For trade digitisation to accelerate globally, paper and digital documents must coexist, accommodating both early adopters and slower-moving markets. An infrastructure-agnostic solution like trace:original supports all trade document types and industry standards, driving a more connected digital ecosystem.
Interoperability is key, and it’s best achieved through data standardisation. Using JSON Schemas allows trade finance systems to exchange data seamlessly across different platforms, boosting digital interoperability without requiring significant IT changes.
By combining JSON Schema-defined data objects with trace:original, we can enable interoperability across all trade finance platforms, not just blockchain-based ones.
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