►
From YouTube: Consolidating the Digital Trade Ecosystem
Description
A recording of the Hyperledger Trade Finance meeting on January 19, 2021 featuring a presentation by Atul Patel, founder of #dltledgers, and Ross Wilkinson, Head of Global Accounts | Multi-Bank Trade Finance Management Applications at RWHK Consulting Pty Ltd, on the creation of the Singapore Trade Registry. The second part of the meeting was focused on the integration of the eBL (electronic Bill of Lading) into the blockchain platform by #dltledgers.
More about the meeting is at: https://wiki.hyperledger.org/display/TFSIG/TF-SIG+Meeting+-+2021.01.19
----
Hyperledger – Open Source Blockchain Technologies
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#Hyperledger #HyperledgerTradeFinanceSIG #Blockchain
A
B
Linux
foundation
meetings
involve
participation
by
industry
compatibles,
and
it
is
the
intention
of
the
linux
foundation
to
conduct
all
of
these
activities
in
accordance
with
applicable
and
trust
and
competition
laws.
It
is
therefore
extremely
important
that
attendees
added
submitting
agendas
and
be
aware
of
and
not
participate
in
any
activities.
There
are
previous
under
applicable,
u.s,
state,
federal
or
foreign
and
trust
and
competition
laws.
B
If
you
have
questions
about
this
process,
please
contact
your
company
council
or,
if
you're,
a
member
of
the
linux
foundation,
feel
free
to
contact
andrea,
the
grove
of
the
firm
of
gaspin
up
the
global
llp,
which
provides
legal
counsel
to
the
linux
foundation.
Hyperledger
is
committed
to
creating
safe
and
welcoming
community
for
all
for
more
information.
Please
visit
our
hyperledger
code
of
conduct
so
welcome
everybody.
We
just
came
back
after
a
while.
You
know,
after
our
last
meeting
on
22nd
of
december,
it's
nice
to
see
you
all
here.
B
A
Yep
well,
no,
first
of
all,
thank
you
so
much
andrea
and
welcome
everyone
to
trade,
finance,
special
interest
group
for
2021,
and
I
think
you
know
we
are
in
for
an
exciting
year
and
it's
my
pleasure
to
be
the
vice
chair
and
also
to
kick
the
session
off
for
the
year
along
with
our
community
leader,
arose
so
yeah.
So
those
maybe
just
a
bit
of
introduction
from
you
as
well
and
then
I'll
just
share
my
slides.
C
Yeah
thanks
a
tool
yeah
just
pleased
to
be
here
and
look
forward
to
doing
this
joint
presentation
with
dlt
ledgers
and
how
we're
working
together
with
bolero.
I
I
look
after
valero's
business
development
for
northeast
asia
and
and
for
australia,
new
zealand
oceania
region
so
a
fairly
broad
remit,
but
yeah.
I
just
think
we
should
get
into
it
and
start
talking
about
today's
subject
at
all.
A
Absolutely
all
right,
so
I
think
you
know
andrea
reached
out
to
me
to
talk
about
you
know
what
you
know
are
working
together
between
the
80
ledgers
and
border
meets.
I
I
think
some
most
of
you
would
have
seen
the
press
release
that
went
out
last
year
and
I
wanted
to
take
an
opportunity
to
do
a
little
bit
bigger
and
maybe
give
an
opportunity
to
also
ask
the
question
to
myself.
You
know
I
look
after
the
business
development,
as
well
as
the
market
development
for
field
ledger.
A
So
it's
my
pleasure
to
co-present
this
along
with
ross
a
number
of
other
colleagues
and
and
and
the
team
members
of
dlt
digits
are
also
on
the
call.
So
we
would
love
to
keep
it
interactive.
We
would
love
to
keep
it
more
informative
and
what
we
would
do
in
the
session
is
really
just
walk
you
through
a
little
bit
about
what
you
know.
A
Each
of
us
are
doing
and
what
this
partnership
means
and
more
kind
of
giving
also
a
closure
to
the
closer
to
the
pin,
a
touch
I
think
from
an
asia
pacific
angle
where
both
of
us
are
based,
and
you
know
working
on
so
you
know
we
have
colleagues
on
the
call
from
from
other
parts
of
the
world
as
well.
So
you
know
do
chip
in
as
well
as
we
kind
of
build
this
joint
strategy
together.
A
A
The
tipping
point
of
the
network
was
reached
somewhere
around
june
or
july
of
last
year,
and
after
that
I
think
we
see
a
momentum
really
pushing
us
forward
like
they
do
in.
You
know
any
any
form
of
the
business,
so
we
are
running
a
great
momentum
right
now.
You
know
in
terms
of
what
we
do
with
our
customers.
A
I
think
we
all
have
over
now
529
customers.
So
I
think
this
is
still
you
know
growing
every
day
over
21
large
corporates
over
45
hour
banks
in
the
network
and
the
you
know
the
number
of
trades
as
well.
As
you
know,
the
dollar
value
that
is
finance
is
well
over
three
billion
in
terms
of
the
support
and
the
ecosystem
that
we
are
looking
at
building
is,
which
is
where
you
know.
A
We
are
building
more
and
more
partnership,
as
we
feel
that
collaborative
partnership
working
together
with
with
like-minded
player,
I
think,
makes
a
lot
of
sense
where
the
network
needs
to
connect
to
each
other
network
needs
to
have
a
touching
feel
with
with
each
other,
not
just
talking
about
interoperability
at
a
technical
level,
but
there
has
to
be
also
the
process
and
the
people
level.
In
terms
of
how
you
know
we
all
can
actually
coexist
and
make
it
easier
for
customers
towards
their
digitization
journey.
A
Now
we
have
over
70
staff
across
different
parts
of
the
world,
including
I
see
people
from
middle
east
dialing
in
so
we
have
a
our
middle
east
and
menai
headquarters
middle
eastern
africa
headquarters
in
abu
dhabi.
We
also
have
offices
in
in
india,
as
well
as
partner
offices
in
australia,
new
zealand,
japan,
southeast
asia
and
as
well
as
in
africa,
in
terms
of
what
we
are
also
beginning
to
see
is
also
in
convergence
of
how
enterprise
systems
you
know
such
as
you
know
your
own
classic.
A
You
know
operating
systems
of
the
enterprises
such
as
erp
merging
in
terms
of
the
technology
into
you,
know,
mixing
machine
machine
learning
as
well
as
what
you
what
you
could
see
on
the
blockchain
together.
So
I
think
it's
it's
also.
The
combination
of
next
generation
not
just
focused
around
you
know
a
standalone
piece
of
technology,
but
also
how
it
can
you
know,
mix
along
with
the
operating
system
of
the
organization,
is
where
we
spend
a
lot
of
time
across
the
sectors
we
you
know.
A
We
are
proud
about
the
team,
our
customer
success
and
customer
adoption
team
has
done
a
fantastic
job
of
creating
trigger
table
smartphone
control,
smart
contract
templates
for
over
75
different
commodities,
and
that
is
really
helping
us
in
a
across
to
really
get
any
new.
You
know
company
to
get
started
and
we
also
see
more
and
more
merchandising
trade
type
of
opportunities
coming
through
as
well,
and
you
know
manufacturing
companies
coming
out
of
exporting.
A
You
know
their
manufacturing
that
from
let's
say
from
singapore
into
other
parts
of
the
world,
we
also
see
them
kind
of
coming
into
the
into
the
fold
of
dlt
ledgers
and
continue
to
build
more
and
more
on
this.
We
have
got
decent
recognition
from
you
know
external
parties,
as
well
as
also
from
singapore
government,
and
you
know
we
are
into
I
think,
of
running
the
digitization
program
for
any
companies
who
are
looking
to
get
get
digitization
started.
A
You
know
whether
it's
about
looking
at
contracts,
whether
it's
looking
good
account
parties
on
board,
whether
looking
at
you
know
integrating
with
their
own.
You
know
current
systems,
whether
you're
looking
at
a
can.
I
actually
have
a
baby
steps
before
I
get
started.
It's
all
about.
Providing
a
journey
in
a
curated
fashion
is
what
we
stand
for
so
with
that
I'll
I'll
pass
it
to
ross
to
just
talk
a
little
bit
about
how
polaroid
is
leading
the
digital
trade
revolution
as
well.
C
So
a
bit
of
history
of
how
balero
came
about
it
originated
from
an
eu
initiative.
It
was
a
research
study
to
de-materialize
or
what
you
call
digitize
international
trade
process
flows
and
it
was
put
together
by
swift,
the
banking
community
and
the
tt
club,
the
insurance
marine
insurance
community,
so
bolero
from
its
foundation,
really
relied
on
a
lot
of
expertise,
he's
the
people
that
have
worked
in
trade
and
moved
across
into
the
digital
space
groundbreaking
market
leader
and
innovator.
C
You
know,
honestly,
when
you're
doing
it
all
by
yourself,
it's
really
hard
to
make
change
at
a
rapid
pace,
so
there
was
progress,
but
the
the
thing
we've
we've
achieved
over
the
years
through
bolero's
initiatives
has
been
a
lot
of.
You
know:
firsts
of
different
aspects:
first,
electronic
bills
of
ladings,
first
electronic
presentations,
first
multi-bank
solutions,
etc,
etc.
C
But
the
real
opportunity
is
to
scale
it
up
and
and
like
what
a
tool
mentioned.
You
know
reach
a
tipping
point
and
that's
what
balera
has
been
able
to
do
in
terms
of
the
community
that's
attached
to
malaria,
so
the
good
part
about
it
is
a
lot
of
experience
with
valero,
but
also
a
lot
of
recognition
that
you
can't
do
everything
by
yourself
and
and
that's
probably,
the
underlying
opportunity
with
bolero
and
dlt
ledgers
is
to
have
opportunity
to
bring
together
expertise.
C
A
C
Yeah
well,
we've
seen
a
bit
of
a
trend
where
there's
an
opportunity
to
let
it
bridge.
If
you
call
more
established
technology
such
as
a
bolero
for
the
provisioning
of,
I
guess,
certain
aspects
of
the
trade
flows
that
have
been
accepted,
but
to
complement
the
new
initiatives
that
have
come
through
developments
on
blockchain
platforms.
C
Dlt-
and
you
know
we
had
a
long
hard
look
as
as
blockchains
evolved
and
where
can
bolero
fit
in
with
its
current
technology
stack
and
in
a
way
we
we
found
that
balera
kind
of
is
a
bit
like
a
private
permission,
blockchain
and
therefore
we
looked
at
how
we
could
synergize
what
bolero
does
into
a
blockchain
platform
that
might
need,
for
instance,
today's
topic,
an
electronic
bill
of
lading
and
we've
done
that
with
a
number
of
well-known.
You
know
blockchain
initiatives
and
we're
seeing
a
lot
more
of
these
evolve
as
we
speak.
C
A
Now
it's
awesome,
it's
it's
a
great
vision
to
have
that
to
really
you
know,
connect
in
an
open
way
to
the
network
and
you
know,
participate
with
the
new
technologies
so
really
kudos
to
you
and
your
team
there.
Well,
so
I
think
you
know
you
know
in
terms
of
where
you
see
you
know
we
working
together.
Maybe
just
a
bit
of
a
color
would
be
helpful
here
as
well
of
us.
C
Sure
so
you
know
I'm
not
going
to
override
anything
about
dlc
legends,
you
don't
know
at
all.
But
basically,
if
you
look
at
the
offering,
you
know,
you're
doing
pre-shipment,
finance
with
bank
funding
between
buyer
and
seller
and
after
there's
been
a
payment
made
through
the
dlt
ledger
platform.
What
we're
doing
is
adding
the
ability
for
a
ebl
bolero
ebl
to
be
passed
from
the
carrier
via
dlt
ledges
through
bolero
out
to
the
commercial
parties.
C
So
the
supplier
is
the
first
recipient.
They
will
then
forward
a
copy
to
their
bank
and
the
supplier.
Then
tr
is
able
to
use
the
bolero
processes
to
transfer
the
electronic
bill
of
lading
via
dlc
ledgers
all
seamlessly
through
to
the
buyer,
and
then
the
buyer's
got
options.
What
do
they
want
to
surrender
the
ebl
through
the
platform
and
pass
it
back
to
the
carrier
so
that
they
can
get
the
goods
or
do
they
need
to
switch
it
to
paper
because
it
might
be?
C
The
next
party
in
the
chain
is
not
on
the
electronic
platform.
So
that's
the
general
part
of
it.
Dlt
is
providing
its
service
and
valera's
putting
in
the
extra
yards
to
provide
the
ebl
which,
as
a
tool
mentioned
to
me
the
other
day,
you
know
one
there's
an
existing
opportunity,
but
there's
also
clients
that
are
asking
for
this
sort
of
addition
to
the
solution.
A
A
A
A
As
you
know,
what
different
types
of
trade
point
and
instruments
you
would
be
looking
at-
and
you
know
as
as
as
the
modal
nature
of
the
platform,
you
know,
we
do
allow
your
open
account
supply
chain,
finance,
related
support
from
a
bank
account
bank,
a
f5
point
of
view.
So
as
well
as
the
documented
trade
support,
and
you
know
providing
really
a
granular
tracking
of
the
trade
flow.
A
I
think
at
each
step
in
the
way
I
think
is
it's
been
a
winning
for
our
customers
and
quite
a
few
of
our
customers,
as
we
have
been
working
closely
over
the
last.
You
know,
a
couple
of
years
have
been
demanding.
You
know
a
good
rounding
off
for
an
end-to-end
electronic
bl
and
that's
where
we
thought
it
would
be
absolutely
vital
for
our
customers,
as
well
as
the
joint
customers
that
boleto
has
with
us.
A
It
would
be
great
to
you
know,
build
this
integration,
which
really
provides
the
complementary
capabilities
and
what
you
know
in
terms
of
the
nature
of
the
dlc
platform.
That's
one
of
the
reason
why
I
applaud
the
ballet
on
the
team,
because
I
think
the
technology
has
come
to
the
level
where
you
know
we
are
at
because
of
the
architecture
that
we
put
in
place.
We
are
almost
able
to
plug
and
play
many
different
modules
and
we
have
16
different,
deep
modules.
A
That
is
part
of
the
platform
today,
and
you
know,
ranging
from
supply
chain
finance,
to
kyc,
to
dynamic
consensus
to
the
smart
contracts.
To
you
know,
documentary
trade,
the
works
right,
but
to
really
look
at
we.
What
is
needed
as
part
of
the
trade
plan
connecting
that
in
a
plug-in
profession,
is
really
in
an
open
environment.
Really
is
where
you
know
we
drive
ourselves.
So
I
think
you
know
boiler.
We
believe
and
then
rolls
you
can
add
in
one
side
kind
of
put
in
my
flavor
to
it.
A
You
know
obviously
suffice
to
say
that
you
are
already
you
know,
you
know,
setting
the
strain
if
you
will
in
terms
of
the
pni
club
approvals
and
also
in
terms
of
the
number
of
carriers
and
the
trade
flow
and
the
port
pair,
that
what
could
enable,
I
think,
you've
got
a
significant
coverage
with
over
22
carriers
and
in
supporting
you
know.
I
was
talking
to
one
carrier
and
your
you
are
in
terms
of
you
know
your
e-business.
A
Their
e-business
solution
is
already
integrated
with
caller,
which
really
makes
it
easier
for
carriers
to
also
participate
in
this
trade
flow.
So
I
think
you
know
the
continuous
adoption
of
the
carriers
and
and
and
improve
on
improvement
in
that
area.
I
think
land
itself
well
to
have
more
and
more
trade
flow
opened
up.
A
I
do
believe
that
you
know
if,
if
you
can
do
more
and
more
portfolios
and
more
on
the
trade
flows
between
different
parts
of
asia,
africa,
europe
and,
and
then
north
america,
I
think
you
know
more
and
more
benefit.
It
would
be
to
all
different
parties
rose.
You
want
to
add
anything
in
terms
of
how
do
you
see
the
lens
on
your
site.
C
Yeah,
I
just
think
you
know
the
first
thing
why
it's
easy
for
valeria
to
talk
with
the
electronic
bills
of
lading
is
the
name.
Bolero
actually
stands
for
bill
of
lading
electronic
registry
organization.
So
when
the
company
was
founded,
it
was
basically
first
task
to
remove
paper
bills
of
lading,
so
tech.
You
know,
I
said
this
to
a
lot
of
guys.
C
I
talked
to
about
technology,
it's
not
the
technology,
it's
the
acceptance
of
the
technology
so
having
something
that
works
technologically
versus
gaining
acceptance
from
the
broader
community,
the
exporters,
the
importers,
the
carriers,
the
ports,
etc,
etc.
You
know
that
came
with
a
lot
of
blood,
sweat
and
tears,
and
it's
you
know,
work
in
progress,
but
everything
bolero
has
put
together
has
been
well
used
for
over
16
years
commercially
in
terms
of
electronic
bills
of
lading.
You
know
from
full
digital
ebls
end
to
end
from
you
know,
seller
to
buyer
with
carriers
involved.
C
So
none
of
this
is
theoretical.
It's
all
practiced
the
p
I
club
approval's
been
in
place
for
a
long
time.
I
think
one
thing
to
note
about
the
number
of
carriers
or
two.
I
think
both
of
you
were
watching
a
different
ball.
Today
we
took
our
eyes
off
something
because
it
should
be
over
200
carriers,
not
cricket
balls,
so
yeah
and.
C
A
C
And
they're
bulk
carriers,
a
very
massive
number,
a
huge
number
of
vessels,
so
they're
able
to
provision
ebl's
at
the
clients
requests
which
nicely
plug
into
our
combined
solution
and
a
lot
of
the
I
think
eight
out
of
ten
of
the
world's
top
container
liners
are
using
bolero
and
there's
well,
there's
two
three
of
those
with
integration
into
their
e-business
solutions
at
present.
So
it's
sort
of
under
the
covers.
You
don't
know
that
bolero's
involved
because
it's
like
you
know
your
pc
is
like
intel
chip,
so
balera
is
doing
the
ebl.
A
Yep
no,
in
fact
I
could
relate
one
story.
I
was
talking
to
one
carrier,
you
know
who
uses
polaroid
and
you
know
they
they've
they've
been
saying
that
look.
You
know
we've
been
using
it
for
all
along,
but
you
know
you
know
my
board
wants
me
to
talk
about
something
else.
So
let
me
talk
about
something
else,
but
you
know
if
you
want
to
do
real
stuff
on
to
you
know,
do
the
you
know
the
actual
shipments
electronically?
You
know
we
will
be
happy
to
do
plenty
of
that
right.
So
I
think
it.
A
You
got
a
large.
You
know,
array
of
carriers
to
help
and
I
think
the
fourth
pairs
we
probably
you
know
it
enables
most
of
the
trade
routes
where
we
could
do.
We
could
do
this.
I
think
there
there
are
always
a
question
that
come
up
arose
and
then
that's,
probably
one
that
also
came
up
from
our
team
when
we
were
preparing
for
this
was
also
what
happens
to
the
last
mile
connectivity.
If
you
will
right
so
you
know
how
do
we
handle
that?
A
Is
that
something
that
kind
of
you
know
we
have
a
solution
on,
or
you
know
we
literally
can
go
down
to
the
last
mile
with
the
bolero
solution
within
the
within
a
port
in
the
country,
or
you
have
any
general
comment
on
that
or
you
know
we
should
only
be
looking
at
a
certain
pair
port
pairs
to
begin
with
or
any
any
guidance
on.
That
would
be
helpful.
Maybe.
C
Valero
is
built
day
one
to
go
end
to
end,
so
we
can
go
right
through
from
from
an
import
to
a
destination
port.
It
just
depends
whether
the
port
wants
to
get
things
electronically.
Some
of
the
ports
around
the
world
have
their
own
electronic
portals,
and
people
just
have
to
attach
their
documents
to
the
portal.
But
you
know:
we've
had
customers
that
wanted
full
digital,
so
they
can
upload
data
to
their
back
office
and
that's
possible
with
a
port
system.
A
C
C
C
Yeah
well,
I've.
You
know
some
country
companies,
I've
dealt
with,
they
said,
look
we're
a
150
year
old
company
we've
got
200
year
old
business
practices,
so
they
don't
want
to
change.
So
there's
there's
got
to
be
some
catalyst
to
change
and
that's
you
know
can
be
done
in
a
nice
way
and
it's
moved
it
but
yeah
in
a
lot
of
countries,
things
just
start
with
one
and
then
it
grows.
C
But
what
I've
found
is
a
lot
of
these
things
can
be
country
orientated,
so
you've
always
got
to
get
the
first
in
a
country,
and
then
you
can,
you
can
spread
it
out,
but
until
you've
got
one
in
a
country,
some
country
doesn't
care
what
another
country
does
so
yeah.
That's
all
the
education
process
and
building
process.
A
A
Continue
to
you
know,
work
with
you
know
some
of
our
customers.
We
find
they
already
run
bolero,
so
they
want
to
actually
connect
dlc
ledgers
to
bolero.
They
want
to
actually
do
more
and
more
trade
routes
more
and
more
pairs,
so
you
know
continue
to
build
an
ecosystem.
We
see
a
great
value
in
that
continue
to
support
the
customers,
because
at
the
end
of
the
day
I
think
more
and
more
everybody
benefits
in
this
call.
A
If
we
actually
can
do
an
end-to-end
digital
transaction
right
and
that
that
cannot
happen
with
one
party,
because
it
has
to
happen
with
the
network-
and
you
know
if
we
can
support
that
more
and
more
repeat
trades
happening
with
our
customers,
which
could
get
increasingly
digital,
and
I
know
there
would
be
nessa
here
in
this
group
will
say:
hey
what
happened
to
a
surveyor,
what
happens
to
forwarder?
What
happens
to
that
guy
that
guy?
A
But
you
know,
I
think,
as
we
can
have
minimum
viable
parties
to
really
keep
doing
more
and
more
of
repeat
and
and
like
it's
like
pedro,
said
right.
You
know
there
would
be
always
a
set
of
customers
who
would
be
tucking
behind
their
old
way
of
doing
things.
Maybe
they
would
be
the
leggetts,
but
I
think
we
have
now
crossed
the
chasm,
so
we
are
into
I
think
early
majority
in
terms
of
the
adoption
cycle
so
continue
to
support.
A
Customers
is
one
of
the
key
reasons
we
partner
and
then
obviously
to
win
the
business
right.
So
you
know
we
we
do
see
opportunities
with
with
our
combined
forces.
We
see
that
you
know
there
is
an
opportunity
to
win
an
additional
set
of
business
which
will
benefit
both
plt
later,
as
well
as
as
bolero.
C
Well,
obviously,
to
work
with
a
company
like
dlt,
ledger,
who's,
applying
latest
technology
to
be
able
to
work
with
that
technology
and
leverage
off.
It
is
a
great
opportunity
for
bolero
to
bring
to
the
table
and
enhance
its
reputation,
but
not
just
that
to
actually
fill
in
the
gaps.
You
know
like
it's
very
hard
to
do
everything
on
your
own
in
international
trade.
It's
it's
really
complicated.
C
So
that's!
That's!
That's
a
key
thing
you
know
to
to
build.
I
guess
the
perception
that
valerio's
not
been
there
done
that
and
gone
out
the
back
door.
Sort
of
thing.
I
I
think
you
know
I've,
you
know
knowing
you
guys
a
tool,
there's
there's
a
great
investment
in
the
company
and
a
push
with
marketing
and
sales
and
a
market
reach
to
fill
in
some
of
the
gaps
where
bolero
doesn't
have
as
many
feet
on
the
ground.
But
given
with
everything
we
do
is
electronic.
You
know
always
with
bolero.
C
We've
never
had
to
have
so
many
offices
and
that
so
you
know,
we've
got
core
offices
in
the
uk
in
in
japan,
hong
kong,
singapore
and
that's
that's
how
we
sort
of
support
the
business
currently
globally
and,
like
I
mentioned
before
you
know,
to
to
blend
in
with
the
latest
technology.
You
know,
bolero
does
not
use
any
blockchain
service
directly,
not
that
it'd
say
it
won't
in
the
future,
but
you
know
we're
not
using
ai
and
machine
learning.
C
So
why
not
go
with
people
that
are
experts
and
and
and
making
a
great
pace
forward,
but
fill
in
the
gap
like
the
tool
said
you
know
bring
to
the
table,
not
just
the
technology
of
the
ebl,
but
the
acceptance
by
corporates,
in-country
acceptance,
proven
utilization
and
not
the
least
is
apart
from
the
banks
and
the
corporates,
but
the
carriers.
You
know
the
carriers
are
coming
across
and
starting
to
even
implement
it
in
their
own
e-business
solutions.
A
No,
absolutely
and
just
the
final
thing
on
in
terms
of
the
partnership.
We
have
been
working
very
closely
with
sunil
here
in
singapore,
as
well
as
rose
to
cover
the
north,
asia
and
australasia
part.
So
you
know
we.
We
are
really
working
hand-to-hand
to
really
benefit
our
customers
towards
the
digitization,
and
I
think
we
believe
that
2021
would
be
really
a
year
where
I
think
it
takes
off.
A
Certainly
with
singapore,
going
all
guns
closing
with
electronic
documentation
getting
it
passed
in
in
the
parliament,
and
the
last
couple
of
weeks
has
been
fantastic
here
locally.
I
think
we
we
are
in
for
what
an
exciting
time
and
with
that,
what
I'll
do
is
I'll?
Just
you
know,
keep
this
session
open
for
the
questions,
because
we
wanted
to
make
sure
at
the
start
of
the
session.
We
want
to
talk
more
about
taking
the
questions,
and
you
know
if
there
is
any
comments
or
questions
that
people
may
have.
We
can
discuss
that
so
so.
B
A
C
C
On
the
export
side,
it's
usually
been
a
free
flow.
Nobody
really
gets
in
the
way
to
port
on
the
import
side.
The
challenges
that
we've
met
was
one.
If
there'd
never
been
anything
done
in
a
in
a
country.
It's
very
easy
for
the
naysayers
to
say:
oh,
you
can't
use
an
ebl
because
of
xyz,
and
you
know
I
could
write
a
book
on
the
number
of
reasons
not
to
change,
but
was
there
any
solid
reason
for
not
doing
it?
No,
so
we
found
countries
where.
C
They
they
they
have
different
rules
in
different
ports,
so
there
might
be
a
country
customers
rule
that
affects
the
the
the
port
operations,
but
each
port
doesn't
necessarily
follow
the
same
rule
book.
They
have
a
local
interpretation
and
some
ports
would
say.
Well,
we
all
we
need
is,
is
the
bl
number
so
whether
it
is
an
ebl
or
is
a
paper
beer,
it
didn't
matter
they
to
get
discharged.
All
you
need
to
do
is
provide
the
bl
number.
Some
ports
said
we
all
we
need
is
a
copy
of
the
b
of
the
bl.
C
Well,
you
can
give
a
copy
of
an
ebl.
That's
fine!
There
are
a
few
instances
where
people
said
we
must
have
a
a
paper
bl,
so
we
would
ask
them
why,
and
they
would
say.
Oh
we've
had
so
many
frauds
with
bls.
We
want
the
original
bl.
So
then
we
say:
well,
you
want
the
original
paper
bl
that
you've
already
had
frauds
with.
Wouldn't
it
be
better
if
you
had
an
ebl
to
obviate
the
risk
of
fraud
and
they
go.
Oh
yeah,
that's
a
great
idea.
So
then
they're
happy
with
that.
C
But
the
underlying
question
has
also
got
one
issue:
an
ebl
can
terminate
at
the
importer
and
once
they
surrender
the
ebl,
the
ebl
does
not
exist.
They
surrender
it
back
to
the
carrier.
The
carrier
gives
the
importer
a
delivery
order.
They
can
pick
up
their
goods.
So
there's
this
thing
that
ebl
exists
right
through
to
the
port,
well
that
if
the
port
doesn't
want
to
receive
electronically,
the
ebl's
already
gone.
It's
it's
it's
terminated,
so
there
is
an
ldl
to
actually
connect
to
a
port
and
to
suffer
any
regulatory
issue.
C
But
if
you
roll
it
up
into
one
comment,
the
major
issue
is:
has
there
been
one
done
in
a
country
at
a
port,
because
if
there
hasn't
then
you've
got
a
big
education
challenge
to
get
over
and
that's
you
know,
that's
been
a
lot
of
the
work
we've
done
over
the
years
just
to
break
down
those
barriers.
How
that
can
often
happen?
Is
you
get
a
major
exporter
shipping
to
a
major
importer?
C
A
Yeah,
no
and
and
that's
fantastic
rose.
Thank
you
for
that,
and,
and
just
also
to
you
know,
common
question
that
all
every
time
you
know
we
get
from
customers
as
well.
Well,
okay,
can
you
give
me
by
country
whether
it's
regulatory,
you
know
whether
you
will
have
electronic
bl
and
then
can
I
blanket
to
say
that
this
country
is
going
to
accept
the
electronic
vl?
So
I
think
what
rose
is
saying
it
is
answered.
It
really
depends
on
the
combo
of
a
corporate
and
the
port
in
that
country
right.
A
So
it's
not
necessarily
a
blanket
yes
or
a
blanket
no
rose.
Is
that
correct?
So,
for
example,
if
it
is
australia,
can
I
say
it
is
a
blanket
yes
for
you
know
if
anybody
wants
to
do
electronic
be
a
lot
of
australia
or
it
is
actually
based
on
a
customer
and
a
port,
and
then
you
know
it's
customer
willingness
to
do
electronic
deal
and
therefore
it
will
happen
right.
So
maybe
that
could
be
useful
to
just
dwell
onto
that
as
well.
C
We
haven't
seen
any
issues
in
countries
like
australia,
china,
where
there's
been
a
lot
of
trade
flows
using
ebl,
korea,
japan,
you
know
south
america
to
the
us,
india
yeah
as
well.
No
india's
india
is
great
on
the
export
side.
It's
been
a
bit
slower
on
the
import
side,
but
making
great
strides
at
the
moment.
C
So
you
know
that
the
situation's
changing
there.
So
I
think
there
was
one
other
thing
I
was
going
to
mention
the
one
of
our
partners,
a
carrier,
one
of
the
top
top
three
container
liners
they've,
actually
got
a
great
sales
kit
that
they
talk
about
their
ebl.
E-Business
solution
doesn't
mention
bolero,
but
they've
actually
mapped
globally
and
they've
got
a
nice
map
that
shows
you
where
ebls
are
accepted
globally.
I
can't
hand
that
out,
but
I
could
refer
for
anybody
wants
to
know.
C
A
Well,
that's
that's
great
now
that
would
be
great
to
share
as
well,
and
I
think,
there's
a
question
from
roland
to
say
that
there
it
appears
there
are
many
ecosystem
in
trade
finance,
but
also
in
the
wider
economy
will
dlt
ledgers
in
bolo
are
able
to
interoperate
with
multiple
ledgers.
If
so,
how?
If
not,
why
not
thanks
so
I'll
take
that
rose?
I
think
it
is
it.
A
As
I
said
at
the
start
of
my
presentation
right,
absolutely
interoperability
is
key
and
in
fact
it
is
quite
fascinating
to
note
that
the
interoperability
in
the
technical
level
is
already
achieved
across
multiple
ledgers.
So
I
don't
think
you
know
it's
support
of
the
technical
team
in
terms
of
not
able
to
interoperate.
A
It
is
also
always
about
the
flows
and
also
process
and
and
adoption
right
so
rose
mentioned
that,
even
though,
if
I
have
perfect
ledgers
and
perfect,
you
know
setup
for
my
destination,
port
and-
and
you
know,
load
port,
but
if
the
customer
doesn't
want
to
change
his
process,
it's
not
going
to
happen
right.
So
I
think
interoperability
is
is.
As
I
said,
you
know,
the
lens
on
the
technical
side
of
the
lens
is
fairly
straightforward.
A
I
think
the
lens
where
we
all
need
to
do
a
lot
of
work
is
on
the
business
side
of
the
house,
making
the
trade
flows
just
now.
What
rose
mentioned
right?
If
you
look
at
the
trade
flows
and
say
from
singapore
to
australia,
let's
say
or
the
middle
east
from
dubai
into
into
coming
into
southeast
asia,
or
you
know
from
southeast
asia
going
into
china
or,
let's
say
africa
coming
into
parts
of
asia.
So
when
you
look
at
the
flows,
look
at
the
port
pairs
and
see
how
much
of
the
trade
flow
can
be
digitized.
A
I
think
that
number
is
very,
very,
very
small
right,
so
I
think-
and
that's
where
I
think
you
know
emmanuel
is
on
the
call
my
request,
emanuel,
if
you
are
there,
I
think
one
of
the
number
that
I
would
like
to
hear
this
year
from
world
economic
forum
is
to
see
you
know
how
much
of
the
18
trillion
dollar
day
trade
is
actually
conducted,
digitally
because
there
has
been
no
real
sense
of
that,
and
that
would
really
help
us
to
say.
Okay,
now
we
were
at
x
now
we
are
going
to
go
to
y.
A
So
I
think
this
debate
on
interoperability
will
always
continue
unless
there
is
a
parameter.
But
you
know
that's
something
it's
a
great
question,
but
you
know
we
don't
believe
that
reality.
There
is
a
problem
there,
because
we
are
not
able
to
measure
it
and,
as
you
know,
you
know
whatever
is
not
getting
measured,
will
not
get
done
right.
So
you
know
long
answer
to
your
question,
ronald
but
open
for
your
commentary,
manual
or
roles.
If
you
have
any
on
that.
C
I
just
add
two
things:
there's
there's
I
was
actually
going
to
be
on
another
conference
call
which
overlapped,
so
I
didn't
sit
on
it
tonight,
but
it's
a
dcsi
digital
container
shipping
initiative
and
the
subject
was
ebl
standards.
So
there's
two
issues
really
that
to
add
to
this.
Apart
from
the
technology
which
is
great,
there
are
standards
and
there's
legal
issues.
So
there's
laws
in
country
and
there's
global
initiatives.
You
know
with
the
icc,
doing
things
around
international
trade
flows.
C
So
that's
why
it's
complicated,
because
you
know
it
tends
to
fragment
when
you
go
by
different
countries
and
how
they
do
things
and
each
country's
got
its
own
strategy
with
digitization.
So
there
needs
to
be
some
normalization.
You
know
standards
and
this
goes
back
to
what
swift
did
with
banking,
fantastic,
but
there's
the
legality
as
well.
A
A
Saying
I
think
he
he
summarized
it
very
well.
You
have
the
tech
aspect,
but
you
also
have
the
legal
aspect
and
the
this
the
standardization
dimension
and
we're
all
trying
to
work
together
to
try
and
make
it
happen.
But
it's
it's
challenging
what's
coming
up
in
2021,
so
that
I
can
keep
and
look
out
for
you
for
any
new
reports
coming
up
from
your
side.
B
A
Agenda
awesome.
Thank
you
so
much.
Thank
you.
Thank
you
for
that
and
I'll
take
the
next
question
as
well.
Are
you
able
to
comment
on
the
means
and
limitation
of
inputting
data
into
ebl,
for
example?
Are
there
needs
for
physical
digital
infrastructure
throughout
the
supply
chain?
Is
this
something
can
or
should
be
accommodated
rose?
You
want
to
give
it
a
try
in
terms
of
the
limitation
of
inputting
data.
I
haven't
heard
that
before
on
ebl.
C
The
buyer
would
upload
the
data
from
the
ebl,
as
well
as
their
other
commercial
and
inspection
documents
into
their
erp
system.
So
it's
possible.
The
valero
ebl
that
we'll
plug
in
with
dlt
ledgers
is
actually
xml
based,
so
we're
ready
for
digital.
It's
just
if
you
don't
get
somebody
creating
data
at
source,
digitally
it's
hard
to
change
it
along
the
way
on
the
supply
chain,
and
I
think
that
comes
back
to
the
standards
thing,
because
everybody
wants
to
stand
it.
C
A
Yeah,
no,
absolutely
so,
just
to
add
on
to
that.
Yes,
absolutely,
there
is
no
real
limitation
on
that
part,
and
I
I
there
isn't
any
physical
digital
infrastructures
like
you
know,
I
think
what
he
that
you
know
what
is
being
allowed
here
is,
probably
you
know
those
things
like
you
know.
Do
I
need
a
you
know
a
specific
printer
at
the
port
to
print.
A
If
I
want
converting
an
electronic
bl
into
a
paper
pl,
do
I
need
like
a
printer
with
a
with
a
you
know,
kind
of
a
hole
mark
or
some
kind
of
a
you
know
thing
that
you
know
it's
only
will
print
it
once
and
then
it
will
it
is
it
from
elsewhere.
Probably
that's
where
the
question
is
allowing
to
so.
Do
you
really
need
any
specific
printers?
If
you
will,
if
you're
converting
to
paper,
not
really
right.
A
Right
got
it
all
right,
and
then
there
is
one
more
question
from
rooker
saying
that
from
legal
perspectives,
are
there
any
plans
to
review
the
baller
rule
book
in
light
of
amendment
to
singapore,
electronic
transaction
act?
This
will
allow
to
issue
ebl
with
full
legal
validity.
You
have
any
comment
on
that
roles.
C
Well,
the
way
the
way
valera's
set
up
bolero
international
is
like
the
platform
operating
company,
but
then
there's
a
valerio
association
which
are
all
the
users
and
all
the
users
impact
things
like
the
rulebook
and
changes
to
that.
So
those
things
can
be
worked
through
and
what
bolero
always
wants
to
do
is
adapt
to
in-country
progress.
That's
being
made
so,
and
you
know
we're
seeing
singapore.
Australia
has
initiatives
with
digitization,
so
things
like
that
to
come
up.
Of
course,
blair
looks
to
leverage
any
in
any
way,
shape
or
form.
C
A
Yeah,
absolutely
and
just
just
to
add,
under
that
we
we
are
into
the
thick
of
action
with
the
singapore
ets.
So
I
think
that
watch
out
for
this
space
and
you
know,
provide
an
update
as
soon
as
it
is
available,
but
yeah,
it's
a
great
question.
So
thank
you
for
that.
I
think,
and
we
are
back
to
you.
If
you
have
any
questions
yourself,
I
think
we've
been
having
some
good
questions
check.
B
No
I'm
fine.
For
me,
I
mean
we
have
another
question
actually
from
fami
montgomery
to
if
you're
I
know
we're
running
out
of
time.
You
know
I
just
would
like
to
give
full
answers
to
the
attendance
and
family
is
asking.
What
do
you
think
about
indonesia?
Acceptance,
readiness
of
e-bill
of
lading
and
blockchain
trade
tx.
A
Yeah,
I
I
think
I'll
just
give
right
from
my
point
of
view.
It
is
really
absolutely
depends
on.
There
are
obviously
indonesia
has
a
lot
of
ports,
but
I
think
there
are
certain
ports
which
are
which
are
good
for
electronic
transaction.
But
then
again
you
know
I'll
defer
it
to
rose
to
see.
You
know
if
there's
anything
peculiar
that
you
see
in
indonesia,
which
you
know
prevents,
but
I
think
I
do
recollect
from
sunil
that
you
know
not
an
issue
at
all.
C
Yeah,
I'm
I've
got
some
customers
that
want
to
export
into
indonesia,
and
I
guess
where
I
just
put
that
into
is
that
so
far
I
haven't
seen
any
of
my
customers
been
able
to
do
that,
and
I
hear
that
there's
some
initiatives
through
the
icc
and
the
banks
to
work
with
the
regulators
in
indonesia
to
make
make
things
more
approachable
for
digital
solutions
and
acceptance
legally
in
indonesia.
So
I
I
do
believe,
there's
there's
some
momentum
in
that
space
at
the
moment
that
will
open
up
things.
A
A
A
Attendance,
I
think
what
we
are
trying
to
do
is
really
kind
of
focus
on
doing
more
and
more
transactions
and
and
opening
up
the
trade
flows
right
from
different
parts
of
the
ports.
I
think
it
would
be
handy,
I
think,
andre
if
we
we
take
that
up
as
trade
finance
sig
project
to
see
you
know
based
on
the
world
today
on
you
know,
electronic
end-to-end
digitization,
you
know
which
other
port,
which
are
the
port
pairs
across
countries,
are
open
for,
for
you
know
acceptance
of
digital
bl
solution.
A
I
think
that
would
be
a
good
little
project
to
do,
because
I
think
you
know
we.
You
know,
for
example,
indonesia
is
a
great
question
because
you
know
there
are
number
of
ports
now.
Obviously
you
know
which
port
that
would
be
my
most
likely
for
me
to
work
together
with.
I
think
it'd
be
a
bit
of
a
research
that
we
could
take
the
offline
india
and
see
if
our
team
can
kind
of
put
some
like.