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Digitalising Cross-Border Trade Flows
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We are pleased to lead IMDA’s pilot on digitalising cross-border trade flows between Singapore and China using the blockchain framework, TradeTrust. With this, businesses can transfer electronic bills of lading and other trade documents across the ecosystem and the trade finance cycle fast and seamlessly, enabling greater efficiencies and cost savings. In the pilot, our Singapore and Shenzhen clients saw the processing turnaround time reduced from a few days to within an hour!