Trade Transactions
Providing verification for cross-border trade transactions with TradeTrust
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TradeTrust is a government initiative that uses blockchain technology to streamline and secure cross-border trade documentation.
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Eliminates paper-based processes, saving costs and increasing sustainability, secure document verification, improved efficiency and more.
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Open-source code allows developers to integrate TradeTrust into their systems.
Even today, paper-based documentation is still being used for many cross-border trade processes. Not only is it costly and unsustainable, but it also leaves businesses vulnerable to fraud.
Intending to shift businesses away from paper-based documentation, GovTech introduced TradeTrust, a framework that comprises globally accepted standards and connects governments and businesses to a public blockchain. Using a fully decentralised approach to manage trade documents, TradeTrust allows parties to endorse, exchange and verify documents as well as effect title transfer across different digital platforms seamlessly. This increases efficiency, lowers cost and the risk of fraud.
Why use TradeTrust?
How to use TradeTrust?
TradeTrust is designed for superb ease of use.
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Create or verify your document on the TradeTrust website.
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Advanced users and developers can download the source code from TradeTrust's GitHub page and integrate the software into their systems.
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For enquiries, email tradetrust@imda.gov.sg or fill up the contact us form.
