Dominic Broom, SVP Working Capital Technology, Arqit, and Markus Wohlgeschaffen, Managing Director, Traxpay, explain why the UK’s new Electronic Trade Documents Act (ETDA) marks an inflection point for global trade, allowing funding to be based on a supply chain’s strongest link, and driving opportunities for businesses across the supply chain.
Digitalisation is well-documented as a goal of the global trade industry. Considerable efforts are underway to enable the transition from manual processes centred on paper documents, to efficient, highly secure digital solutions that leverage electronic documentation and automation.
