Global trade is a complex undertaking at the best of times. But extreme headwinds - from...
Securing trade’s digital future: Dominic Broom talks to Trade Finance Global about the rise of digital documents and security challenges
🎥 NEW VIDEO | Securing trade’s digital future: Dominic Broom on the rise of digital documents and security challenges
➡ In this episode of Trade Finance Talks, TFG’s Deepesh Patel, spoke with Dominic Broom, Senior Vice President of Working Capital Technology at Arqit, exploring the imperative of striking a balance between the advantages of digital transformation and safeguarding critical data.
💻 The enactment of the Electronic Trade Documents Act (ETDA) in the UK on September 20, 2023, marked an inflexion point in the ongoing digital transformation of international trade. This legislative milestone establishes a techno-legal framework, enabling the electronic exchange of key trade documents.
⚙ While the Act’s enactment represents significant progress, it signifies not the end but the commencement of the journey toward a fully digital trade ecosystem. As the world gradually adopts digital supply chains which will facilitate domestic and cross-border trade, the power of technology to integrate the virtual and physical worlds becomes increasingly evident. However, as global interconnectivity grows, so does exposure to the risks of cyber threats.
📺 Watch the full video with the link in the comments!
#digitalisation #digitaldocuments #supplychains #digitaltrade
