Last week, Thailand’s JSCCIB announced the first pilots for its blockchain-based National Digital Trade Platform (NDTP). It has also integrated with Japanese blockchain TradeWaltz and Singapore’s single window Networked Trade Platform (NTP).
The aim of NDTP is to digitize the trade process to speed up imports and exports and improve access to trade finance for SMEs. It’s a private sector project run by three trade associations, the Thai Bankers Association, the Federation of Thai Industries and the Board of Trade. The government has involvement through the Office of the Public Sector Development Commission.
The first phase of NDTP involves digitizing various trade documents, such as purchase orders, invoices and packing lists using UN/CEFACT standards and transport documents, such as bills of lading and seaway bills.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
