WTO Features eCOM Registry in Blockchain (DLT) White Paper

December 2, 2019 WTO Headquarters, Gevena, Switzerland —eCOM (Asia) Ltd and its eCOM Registry are featured in a jointly produced white paper between Deepesh Patel, Editorial Director, Trade Finance Global (TFG), and Emmanuelle Ganne, Senior Analyst at the World Trade Organization (WTO). The white paper is endorsed by the International Chamber of Commerce (ICC) and was presented at the Global Trade and Blockchain Forum hosted by the WTO on December 2-3, 2019.

Deephesh Patel, TFG Editorial Director Presents the White Paper at the Global Trade and Blockchain Forum in WTO Headquarters, Geneva, Switzerland

“Building on the WTO publication “Can Blockchain Revolutionize International Trade?” authored by Emmanuelle Ganne and TFG’s white paper “Blockchain and Trade Finance”, this study provides an overview of the main projects underway in trade, with a focus on trade fi nance, shipping, and the digitalization of trade documents, and assesses their stages of maturity. Based on a survey of more than 200 actors in the field, it analyses the key challenges that companies involved in blockchain projects are facing and discusses actions that may need to be taken to allow the technology to truly transform international trade. After years of hype around blockchain, the time has come for a reality check.“

Periodic Table of Blockchain (DLT) Projects

“The eCOM Registry, created by eCOM Asia, is a platform for the data economy that allows participants to create trusted data, maintain ownership and control of their data, and to securely share the data with other authorised participants. The solution uses proprietary DLT combined with tools like BigChainDB, Tendermint, and MongoDB, to record the signed metadata and hash of Trade Documents as assets to create trust and to facilitate the secure exchange of data. This is achieved through an enterprise deployed private registry of trade data and subsequent sharing of trusted data to a shared registry for discovery by other actors.”

Quotes above are from Deepesh Patel, Editorial Director, Trade Finance Global (TFG) David Bischof, Deputy Director, Finance for Development, International Chamber of Commerce (ICC), and EMMANUELLE GANNE Senior Analyst, Economic Research and Statistics Division, World Trade Organization (WTO).

To download a full copy, go to: https://www.tradefinanceglobal.com/blockchain/