#dltledgers integration of TradeLens capabilities will enable corporate organizations to digitize their cross-border trade finance transactions end-to-end.
Today #dltledgers announced a plan to incorporate leading supply-chain digitization capabilities from TradeLens into the #dltledgers multi-party platform for the benefit of cross-border trade participants. With this collaboration #dlteldgers customers will be able to access critical events and documents for their container shipments through the TradeLens platform. Both companies aim to ease the adoption of digital solutions for exporters and importers of any size and to reduce the global trade finance gap for the millions of SMEs that make up global trade.
#dltledgers is a global pioneer and leader in providing cross-border trade and extended supply chain digitization software solutions for corporates. As a Singapore headquartered FinTech, #dltledgers has rapidly grown to deliver industry-leading solutions to corporations, helping them digitize, collaborate, and authenticate their Trade and Supply Chain processes.
TradeLens has brought together over a thousand major entities involved in the global supply chain and today facilitates the information exchange of about 65% of containerized trade via a platform directly connected to cargo owners, ocean carriers, intermodal operators, port and terminals, customs authorities, and financial institutions.
Leveraging the mutual strengths of each organization allows for digitization, authentication, and collaboration across supply chains, thereby increasing industry innovation, reducing trade friction, and ultimately promoting more global trade.
Samir Neji, Founder, and CP, #dltledgers, Singapore, said, “We are excited about the tremendous potential of this partnership with Tradelens. The partnership reinforces the organizations’ track record and commitment to bringing proven, collaborative, open solutions to the industry. We want to also take forward the Tradelens Core and Tradelens eBL to the next step and have committed resources to drive 30% of the digitation of the world’s container BL via this. This is yet another step in our continuous commitment to building the network and ecosystem to support the corporates and SMEs to tap into such an integrated digital ecosystem. ”
“At TradeLens we see collaboration in global trade as key to creating innovation, efficiency, and growth opportunities across the industry.” said Juanjo Ruiz, Head of Strategy and Business Development for the TradeLens Collaboration. “The connection between TradeLens and #dltledgers is a great example of this innovation and further continues to democratize access to trade finance tools that reduce risk through the use of blockchain and the digitization of documents”.
TradeLens is an open and neutral industry platform underpinned by blockchain technology, supported by major players across the global shipping industry. The platform promotes the efficient, transparent, and secure exchange of information in order to foster greater collaboration and trust across the global supply chain. For more information, please visit www.tradelens.com
# dltledgers, headquartered in Singapore, is a "no-code" expanded supply chain and digitization platform which uses blockchain technology to deliver industry-leading multi-enterprise supply chain business networks (MESCBNs). The platform focuses on "Digitization, Collaboration, and Authentication," focused on delivering three key pillars of trust, privacy, and security. Over 4,000 businesses use the platform, participating in, financing, or supporting cross-border trades and executing over $4 bn-worth of transactions. #dltledgers’ integrated digital solution delivers transparency, visibility & adequate risk monitoring in real-time. Our clients are mainly large international trading firms, corporates, supply chain firms, and banks.
The global acceptance of eBL is in motion, how can MLETR and other legislative initiatives help?
We sat down with senior global trade experts, Diana Jones, Director of Solution Architecture, and Juanjo Ruiz, Strategy and Business Development at TradeLens to discuss the proliferation of electronic bills of lading (eBL) and the disruption of blockchain as an emerging technology with a substantial opportunity to support banks with unlocking a $3.4 trillion trade gap in the trade finance market. The following is a Q&A on these topics.
Bangladesh/Hong Kong – Citi Treasury and Trade Solutions (TTS) Asia Pacific has completed its first pilot paperless trade finance transaction using the TradeLens platform. Leveraging blockchain technology supplied by TradeLens, the pilot illustrates the effectiveness of the technology to improve supply chain efficiency by significantly reducing document processing lead times.