In this video, I provide my helicopter view outlook/thesis of some important parts of the global trade digitalization transformation. I cite all regulated documents from things I have seen in my last couple of years researching futuristic technologies around blockchain/DLT.

This is meant to help citizens that want to learn about global standards, initiatives, and some insight into some DLT networks that are revolutionizing global trade. I hope you enjoy it as total time took me about 10 hours to record, edit and time stamp not including the endless hours of research to gain this knowledge!

*Warning: This is all regulated contact might be dry in some parts*
❗️Disclaimer: This is not financial advice❗️

I am not paid to create any of this, I create this to try and spread awareness of what mainstream media is not covering.

📕 -----Table of Contents--📕
00:00 Intro
02:30 Quick breakdown of the Global Alliance for Trade Facilitation and their partners
05:00 A overview of the world and what paperless trade could do for the global economy (Quoting a G7 Document)
06:06 A visualization of the yearly global trade paper stack.
08:43 ICC Digital Standards Initiative - A standard for trade digitalization
10:00 ICC DSI Initiative supports two major initiatives (Trade Trust / ITFA DNI Initiative)
11:30 How does an ERC20 trade finance digital document interoperate with XDC Network? My answer is UNCITRAL MLETR dDOC standard framework (schematic to explain this concept)
14:24 Here I show how many jurisdictions have the MLETR updated legislation
14:48 Feb 25/22 UK is the first G7 to start their digital economy agreement with Singapore enacting MLETR into legislation
16:20 Quick explanation of a schematic diagram @XX_1133_1221_11 put together from a duo research project between me and him on a birds-eye view of the trade finance side of the $XDC ecosystem
17:00 A quick introduction to Andre Casterman, Enigio, TradeTeq,
19:46 I took a couple hours to create a schematic breakdown of the ICC DSI initiative and how its breakdowns mainly between TradeTrust/ITFA DNI Initiative. MLETR, ISO20022 standard, Swift, G7, Enigio.
21:42 Quick description of TradeTeq marketplace that has built on XDC network
23:00 A quick look into members of the ITFA's TFD initiative
24:38 Tradeteq compared to Tradefinex
25:11 A quick description of Enigio
27:24 Explanation of Impel XDC ISO20022 compliant processes
27:54 A side topic on G7 - Creating a modern digital trade ecosystem "Cutting the complexity of trade"
Digitalization will:
•Increase trade across G7 by nearly 9 trillion or 43% on 2019 values by 2026
•Digitalizing the trade ecosystem could create as much as 6 trillion extra exports
•Paperless trade facilitation could reduce costs by 76%- A fully digitalized trade ecosystem will result in an average of 84%
•Digitalization will reduce time spent on cross border trade by 81% across the G7 and will cut the number of days associated with border compliance from an average of 25 days to less than one day
29:49 ICC calling on national governments to create a modern digital trade ecosystem by reforming laws to digitize trade documentation and align legal frameworks to the UNCITRAL MLETR (this also supports The Commonwealth Connectivity Agenda to increase Commonwealth trade to 2 trillion by 2030)
31:40 Typical cost for international trade transaction involves up to 27 documents and can cost $80,000 per transaction and take up to 2-3 months to settle
32:14 Quick mention of the 5 trillion trade finance gap.
33:22 The current legacy trade ecosystem compared to the future of the digitalized trade ecosystem
35:00 G7 Ministerial Declaration
36:00 UNCITRAL MLETR framework enables the use of modern technologies, including registries, tokens and distributed ledgers. Validates electronic bills of lading and electronic transfer records
39:00 How NFTs can represent real-world trade assets and be interoperable between XDC network and Trade Trust
41:00 Trade Finance "The old fashioned way" Infographic Sullivan & Worcester
41:56 The blockchain-enabled future of trade finance and the supply chain infographic. Benefits of DLT in trade finance.
43:42 A couple worthy to watch regulated webinars on global trade finance
44:00 Closing thoughts

📋 - BONUS INFO LINKS - 📋
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Discount links for cold storage wallets
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Let me know your thoughts below!
Cheers,
Citizen of the Future

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