Thread by @UtilityTheory

A citizen's vision on the future of the global trade finance industry and some of the main players leading the 4th Industrial Revolution in the global supply chain🌎⛓️

This is a technical deep-dive thread on regulated technology initiatives

#globaltrade #Finance #DLT #fintech

Digitalization of documents will automate and remove the mess and expense of paper (eTRs). It will also create an auditable fraud detectable ledger of transactions in which will collect big data that AI can learn from to improve efficiency
#DLT #Blockchain

Digital documents create a "Digital Twin" that is fully trackable through the lifecycle of the trade documents journey. Paper documents could not do this.

This will allow ports and shipping companies to see where their items are in transit and what to expect

#Supplychain #dDOC

Ports and shipping companies around the world work in siloed disconnected systems

Global Standards will have to be created to harmonize countries to be interoperable with one another

#Interoperability is the most important factor in revolutionizing industries

#DLT #4IR

My favourite Trade Focused Initiative is the great work the @iccwbo is doing with
@UNCITRAL_RCAP
Singapore and Asia are leaders of the globe🌎

ICC built the Digital Standards Initiative

Which is creating a standard that will be adopted by businesses globally
#DSI_Initiative

There is a lot of brilliant people working on revolutionizing the global trade finance industry

Digitalization of paper is the start of the biggest industrial revolution the world has ever seen

#DLT & #Tokenization will help eliminate the Trade Finance Gap & Automate Industries

The ICC created the Digital Standards Initiative - Industry Advisory Board which connects Global Industry Leaders who share a passion for solving key challenges facing international trade digitization efforts.

Members include partners organizations below:

#DSI_Initiative

ICC also created the #LRAB - Legal Reform Advisory Board to Support the #DSI_Initiative

This is a HUGE team effort to revolutionize the global supply chain and harmonize the trade finance industry and I believe they will do it!

Heroes silently changing the world

#innovation

ICC also created a banking committee that is going to help with the Global Trade Revolution🌱🤝

One name stood out to me that I've seen somewhere before..

Louise Taylor Digby, Head of Global Trade Strategy, SWIFT (Singapore)👇

#TeamofBeauties #topnotch #fintech #banking

She has spoken in a webinar I watched about tomorrows trade ecosystem with some other key players in the global revolution of trade finance and has said good things about @Monetago

5 Star team players here. Check em out!
@AndreCasterman @ITFAworldwide @EnigioTime @FinastraFS

Fast forward to see into Tomorrow's Trade Ecosystem.

A Regulated Network built of Networks

•A world where global industries run flawlessly
•Paper is extinct
•Crossborder payments cost a fraction of a cent and settle in 4 seconds
•Only carbon-neutral networks exist

#2030

@iccwbo Big thanks for your part in the revolution from a Citizen of the Future

#DSI_Initiative = @tradetrust + @ITFAworldwide
< DNI + #TFD_Initiative < $XDC Network

Heroes don't always wear capes.
They often wear suits and don't brag about their work that's changing the 🌎

#DSI_Initiative uses the #MLETR Standard which
provides an interoperable digital document standard that can be used by companies worldwide.

Providing an end to siloed systems in supply chain and trade finance

#Savethetrees 🤣

@tradetrust @iccwbo @ITFAworldwide @UNCITRAL_RCAP

This is the trade finance gap that will be eliminated one day.

We need liquidity and easy access to funding for MSMEs worldwide!

#Tokenization & #DLT will be the solution!

Big shoutout to my fellow researcher who has also put in endless hours of research and time to create educational content around blockchain & DLT

We have deep utility discussions

Check him out he creates sweet visual maps for you to research👇
@XX_1133_1221_11

Like, follow, or leave some feedback.

RT the first tweet if you think the supply chain/trade finance industry is being revolutionized!🤯🌎

Do your own research.

Not Financial Advice.

This is just a theory from a Citizen in the Future😉

#Fintech #Banking #Regulated #tech