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Emmanuelle GanneSenior AnalystWorld Trade Organization
Blockchain platforms in trade
1. Key features and key benefits
2. DLT platforms in trade
3. Key issues to address
1. Key features and key benefits
3
Automation
Time-stamping
Peer-to-peer
Transfer of
assets
Greater security
Smart contracts
TRACEABILITY
TRUST
PEER-TO-PEER / REAL TIME
Source: Blockchain and DLT in Trade: A Reality Check (2019)
2. DLT platforms in trade
Source: Blockchain and DLT in Trade: A Reality Check (2019)
Trade finance
Multiple challenges1. Inefficiencies due to paper-based documentary transactions
2. Regulatory compliance requirements increase trade finance costs
3. The USD 1.5 trillion trade finance gap affects primarily SMEs
Open account: We.trade, Komgo, Marco Polo, Finacle Trade Connect
Letters of credit: Contour (ex Voltron), Komgo, Finacle Trade Connect
SME focus: We.trade
Trade finance platforms
transparency, traceability, de-risking, ethical/sustainable sourcing
Supply Chain Finance
Market places
Buyer-seller match-making platformHelps SMEs build a credit history
(traceability)
Transportation and logistics
15
BCO / NVO FFW / CHB / 3PL Inland Transportation
Customs / Government Authorities Ports / Terminals Ocean
Carriers FFW / CHB / 3PL Inland Transportation BCO / NVOPorts / Terminals Customs / Government
Authorities
SHIPPING MILESTONES AND SHIPMENT DATA
STRUCTURED AND UNSTRUCTURED DOCUMENTS
TRADELENS BLOCKCHAIN BUSINESS NETWORK
TRADELENS PLATFORM
Star
t con
tain
er tr
acki
ng
Cont
aine
r tra
ckin
g en
ded
Empt
y co
ntai
ner p
icke
d up
from
de
pot
ETA
empt
y co
ntai
ner a
t stu
ffing
sit
e
ATA
Empt
y co
ntai
ner a
t stu
ffing
sit
e
Cont
aine
r stu
ffing
com
plet
ed a
t in
land
loca
tion
VGM
subm
itted
Pack
ed co
ntai
ner l
oade
d
Cont
aine
r sea
led
ATD
Pack
ed c
onta
iner
from
st
uffin
g sit
e
Estim
ated
gat
e in
for p
acke
d co
ntai
ner a
t ter
min
al e
xpor
t
Gat
e in
full
at te
rmin
al e
xpor
t
ETD
pack
ed c
onta
iner
from
exp
ort
term
inal
ATA
empt
y co
ntai
ner a
t dep
ot
Expo
rt d
ocum
enta
tion
clea
red
Cont
aine
r rea
dy to
load
ATD
pack
ed c
onta
iner
from
ex
port
term
inal
ETA
pack
ed c
onta
iner
at i
mpo
rt
term
inal
Tem
pera
ture
upd
ate
Estim
ated
disc
harg
e tim
e fo
r pac
ked
cont
aine
r at i
mpo
rt te
rmin
al
Impo
rt d
ocum
enta
tion
clea
red
Cont
aine
r sel
ecte
d fo
r ins
pect
ion
ATA
pack
ed c
onta
iner
at i
mpo
rt
term
inal
Pack
ed co
ntai
ner d
ischa
rged
at
impo
rt te
rmin
al
Estim
ated
gat
e ou
t of p
acke
d co
ntai
ner f
rom
term
inal
impo
rt
Gat
e ou
t pac
ked
cont
aine
r fro
m
term
inal
impo
rt
ETA
pack
ed c
onta
iner
at s
trip
ping
lo
catio
n
ATA
pack
ed c
onta
iner
at s
trip
ping
lo
catio
n
Seal
rem
oved
Pack
ed co
ntai
ner s
trip
ped
at
inla
nd lo
catio
n
Empt
y co
ntai
ner r
eady
for
pick
-up
Empt
y co
ntai
ner p
icke
d up
from
st
rippi
ng lo
catio
n
Packing List
Bill of Lading
Export Documentation
Advance Declaration
Pre-Paid Invoice
Certificate of Origin
Shipping Instructions
ISF
Geography Specific Certificate
Dangerous Goods Declaration
Cargo Specific Certificate
Commercial InvoiceCustoms
ClearanceImport Documentation
Not exhaustive list of milestones managed by platform
Not exhaustive list of documents managed by platform
Source: Tradelens
16Source: Tradelens
Increase access to single source information needed to efficiently deliver and managed finance and trade insurance
Real-time visibility of inbound and outbound operations
Improve customer service and reduce network integration costs and revenue leakage
Reduce paperwork and improve risk assessment
Receive real-time and accurate updates on vessel arrivals, improve utilization of assets
Identify and proactively manage unexpected events, reduce surcharges and stockouts
Obtain access to greater death of real-time information with less work, improve customer satisfaction
PORTS / TERMINAL OPERATORS
OCEAN CARRIERS
GOVERNMENT AUTHORITIES
INLAND PROVIDERS
FREIGHTFORWARDERS / 3PL
SHIPPERS / BENEFICIAL CARGO OWNERS
FINANCIAL SERVICES
Trade documentation
Some digitalization projects of interest
AEO Programmes
18
Challenges with AEO MRAs:- manual process of sharing sensitive and/or confidential
data with low standards of security and integrity- difficulty to establish the provenance and traceability of
the data and to guarantee secure access- inability to grant AEO benefits in real time- inability to react in real time when a suspension occurs
Covid-19: when tracking and agile supply chains become vital
Connecting platforms and market places to ease supply chain disruptions
3. Key issues to address
Thank you for your attention!