Emirates NBD, in partnership with DP World Trade Finance, Enigio and iBind, has successfully completed the first-ever Proof of Concept (PoC) on Digitally Native Trade documents (hereinafter referred to as “Trade document”) with the application of Trusted Digital Identity. This unique milestone, achieved in collaboration with Enigio and iBind, represents a significant stride in leveraging technology to enhance global trade and financial services.
The joint efforts of the team conducting the PoC, were aimed to address the core issues effecting adoption of digitally native trade documents. The physical flow of transactional documents used in international trade was re-created using digitally native trade documents.
Three key attributes were identified for facilitating a digitally native document through an existing channel of trade, which are:
a) demonstration of uniqueness/genuineness
b) establishment of ownership and authority
