Update: Trade Finance Global (TFG) has published an article “Can we eliminate paper from negotiable instruments and documents of title?”
By combining Enigio’s trace:original digital documents and BAFT’s DLPC best practice, it is possible to create a fully digital freely transferable negotiable payment undertaking avoiding the potential drawbacks of a closed consortium. This combination highlights the possibility of cooperative efforts in the future and demonstrates that differing approaches may still be compatible. Collaborative efforts within the industry may come to be vital for the widespread adoption of technological solutions, as well as bring further innovation to progress towards the common goal of eliminating the need for paper in international trade.
Read more in our whitepaper.