Negotiable instruments and documents of title such as bills of exchange and bills of lading are very important in global trade but they are still usually on paper. Many initiatives are ongoing where the aim is to move business data from those documents onto closed platforms. Oftentimes these platforms use blockchain technology to make them safe and secure.
There are two main issues with this; negotiable instruments and documents of title have to be freely transferable which makes it unwise to lock them onto a closed platform. Furthermore, registering and exposing business data (or even personal) on a shared blockchain platform might create problems further down line, the right to be forgotten etc.
There is, however, a middle ground available where the business data stays in the document and the blockchain is only used as a notary service. This is what Enigio’s solution trace:original is all about.
In the webinar, “How to bring hybrid blockchain to bills of exchange and promissory notes”, Gunnar Collin, Enigio’s Head of Sales and Marketing, will explain how financial institutions can combine trace:original with their existing systems and only use the blockchain as a digital notary without the need of sharing any business data outside of the document.
André Casterman, an independent FinTech consultant and a Board Member of the International Trade and Forfaiting Association (ITFA) will also participate in the webinar to discuss how regulators are starting to integrate DLT into law.
The webinar will be held by 101Blockchains on March 4 at 17:00 CET.
To register, please follow the link and fill the form.