Last updated 2 years ago
Developing countries face challenges realizing the massive benefits of paperless-trade due to the high price tag of software and expertise.
Moving the TradeTrust interoperability framework to Cardano to facilitate low cost trusted interoperability of electronic trade documents.
This is the total amount allocated to Paperless Cross-Border Trade.
S U M M A R Y
This project would provide a free out-of-box solution running on Cardano and Atala PRISM to governments as well as providing them access to the TradeTrust platform, ecosystem, and services. The TradeTrust Platform is an open-source framework for paperless commerce currently running on the Ethereum blockchain that handles over 10 million shipping transactions per year and is used by over 600 ports and terminals. The TradeTrust organization recognizes the limitations of running on Ethereum blockchain and published guidelines for moving their platform to other blockchains https://www.tradetrust.io/guidelines.
W H A T I S T R A D E T R U S T
Trade trust solves the problem of paper-based trade, particularly with customs.
TradeTrust Components
Market Traction
TradeTrust has significant traction:
Adoption Drivers
O P P O R T U N I T Y
TradeTrust is a one-stop on-ramp to paperless trade and is used by over 100 governments and organisations. While broadly adopted, the TradeTrust platform suffered from limitations stemming from its dependency on Ethereum blockchain and custom DID implementation. TradeTrust is welcoming to our proposal to migrate the TradeTrust platform to Cardano Plutus smart contracts. Their DID implementation to Atala PRISM will provide engineering support during the migration.
Access- We can work with 100 governments and organisations and over 600 ports.
Reputation - Governments will have the first implementation of Cardano and can attest to its superior performance and lower cost.
Reach Decision Makers- Experience trade expert Jonothan Koh will be onsite to educate the decision-makers on the advantages of Cardano on other government projects. TradeTrust comprises over 100 governments and organizations and over 600 ports.
Presence On An International Stage- Cardano will be represented in numerous trade organisations and conferences.
T E A M E X P E R I E N C E
https://www.cardanonocode.com/our-teams.html
Jonathan KOH (Principal)
Jonathan has over 30 years of experience in providing solutions in the trade arena. Jonathan has hands-on experience in over 40 digital trade/customs/trade facilitation programs globally. He is an expert in trade platforms commonly termed as "single window" which is one of the principal trade facilitation instruments advocated in the World Trade Organization's (WTO) Trade Facilitation Agreement which is in force and ratified by over 170 countries. Jonathan served as the Project Director for the many customs/trade facilitation implementation projects including Kenya, Qatar, and Oman. He was heavily involved in consulting, serving as lead consultant to the Government of Hong Kong SAR for their next-generation Electronic Trade system. He was the lead consultant to the Government of Greece and helped to develop their National Trade Facilitation Strategy and Roadmap. He also led technical assistance/feasibility studies in many countries. He served as an expert resource for ASEAN Economic Community and helped to develop the ASEAN's Seamless Trade Facilitation Indicators.
Jonathan had also served as an expert resource to various international organisations in trade facilitation and policy issues. He was a visiting scholar with the International Monetary Fund, served as a member of the International Advisory Committee for the United Nations Network of Experts for Paperless Trade in Asia and the Pacific (UNNeXT).
Timothy O'Brien (Principal)
Tim has 20 years experience building mission critical applications while working for Raytheon, Citi Group, Deutsche Bank, Bank of Tokyo, Danske Bank, Philips Health, Cerner Health, Norwegian Air Continental Airlines and most recently Google. Tim has worked with Cardano technology since 2019 and is a member of the Atala PRISM Pioneers program. Recently Tim's primary focus is making the power of the blockchain available to everyone. Tim has 6 years of blockchain development and runs blockchain development company with over 15 employers. Tim is a member of Singularity University.
Interview with Tim O'Brien
Craig Young (Advisor )
Craig is internationally known as an expert in international payments. As the former CTO of SWIFT and the current CTO of Diem Association Craig has worked tirelessly to make cross-border payments a reality. Craig honed deep technical knowledge, giving me a unique perspective as I've progressed to senior leadership positions. I've served in VP and C-suite roles at global telecommunications and financial services institutions including SWIFT and Verizon, running technology, product development, engineering, and cybersecurity operations.
Gerhard Eschelbeck (Advisor)
Widely regarded as one of the foremost experts on network and system security, Gerhard was invited to present his research in information security to the U.S. Congress, and he is also a frequent speaker at major industry conferences.
He was named one of InfoWorld's 25 Most Influential CTO's in 2003, 2004, and received this honor a third time in 2006. Gerhard is a frequent contributor to the SANS Top 20 experts consensus identifying the most critical security vulnerabilities. Gerhard is also a highly regarded author and is perhaps best known for publishing the "Laws of Vulnerabilities." He is one of the inventors of the Common Vulnerability Scoring System (CVSS) and holds numerous patents in the field of managed network security.
I M P A C T
How the proposal addresses the challenge
This proposal covers a foundational Registry solution for Customs++& Border Control++. Countries that adopt our solution will have been able to streamline reduce their custom processes and increase the volume and speed of commerce. Increasing the speed at customs can remove a major obstacle for conducting cross-border trade particularly with the EU and US. The solution will be open source and available at zero cost to developing countries.
A D D R E S S E D K P I
W H A T S U C C E S S L O O K S L I K E
3 Months - We will have completed the analyst and made the 6 documents below available on a public drive and will have posted the location to the catalyst_news channel of the Cardano Project Catalyst discord server.
6 Months - We will have finished integrating Cardano with TradeTrust and have a demo online of TradeTrust running on Cardano. Directions on how to install TradeTrust with Cardano will be available in our public GitHub repositories. News items on prominent trade journals will be published that describe the Cardano+TradeTrust product and describes its advantages. A link to our public GitHub repositories, all journal articles, and the running demo app will be posted on the catalyst_news channel of the Cardano Project Catalyst discord server.
12 Months - Testing will be completed and 3 existing governments that incorporate TradeTrust will be onboarded to the Cardano implementation of TradeTrust. The governments of Ghana and Kenya will be either completely onboarded or undergoing trials. Joint papers will be issued by TradeTrust and Cardano on methods countries to migrate to paperless trade. We will have commenced phase II of the project to implement automation in paperless trade to facilitate cross-border farmer-to-market
P R O J E C T P L A N
The project will be divided into two stages Migration and Improvements. The requested budget is for phase I only.
Phase I (Migration To Cardano and Atala PRISM)
Technical Goals Migrate the TradeTrust Platform from Ethereum to use Cardano and Atala PRISM. Integrate TradeTrust with one B2B, B2G, or G2G SCM platform in Africa.
Business Development Goals (i) Expand the adoption of TradeTrust in Africa and the Middle East. (ii) See the adoption of the TradeTrust platform with one B2B, B2G, or G2G SCM platform in Africa.
Phase II ( Improve and Extend the TradeTrust platform): Automation of document processes, single window, adoption in Africa.
P H A S E I - P R O J E C T P L A N &. B U D G E T B R E A K D O W N
Below is our project plan and budget
Milestone One
Project Initiation Phase ( 6 weeks)
List of Deliverables
Human Resources
Total Cost for Milestone One _________________________________$28,000 USD
Milestone Two
Project Development Phase ( 8 weeks)
List of Technical Deliverables
Human Resources
Cost for Milestone Two _________________________________________$88,960 USD
Milestone Three
Total Cost for Milestone Three __________________________________$30,000 USD
T O T A L C O S T P H A S E I ___________________________________$146,960 USD
P U B L I C L A U N C H D A T E
Feb 1, 2022
P R O P O S E R (S)
Tim O'Brien & Jonothan Koh
Business Development Goals Full Adoption by multiple countries. Full adoption by TBD
L I N K S
(1) htps://www.tradetrust.io/news/electronic-transactions-act-amended-to-facilitate-electronic-transactions-providing-convenience-and-strengthening-singapore's-trade-competitiveness-in-the-digital-economy
(2) https://www.imda.gov.sg/news-and-events/Media-Room/Media-Releases/2021/Worlds-first-digital-trade-financing-pilot-between-MLETR-harmonised-jurisdictions
(5) https://www.imda.gov.sg/news-and-events/Media-Room/Media-Releases/2021/Australia-and-Singapores-blockchain-trial-shows-promising-results-for-reducing-transaction-costs
(6) https://www.businesstimes.com.sg/opinion/adoption-of-uncitral-model-law-heralds-a-quiet-revolution-in-digital-trade
(7) https://www.businesstimes.com.sg/opinion/singapore-leading-the-way-in-promoting-digital-trade
(8) https://www.maersk.com/news/articles/2019/09/20/a-game-changer-for-global-trade
(9) https://unctad.org/system/files/official-document/ditctab2020d4_en.pdf
(10) https://www.wto.org/english/res_e/reser_e/04_e_sin_yong_loh_tradetrust_wtoconf_02dec2019_final.pdf
(11) https://uncitral.un.org/en/texts/ecommerce
(12) https://events.development.asia/system/files/materials/2021/08/202108-trade-digitalization-tradetrust.pdf
(13) https://unece.org/trade/uncefact
NB: Monthly reporting was deprecated from January 2024 and replaced fully by the Milestones Program framework. Learn more here
Our team has 30 years of cross-border trade thought leadership and blockchain design with a team of 15 experienced blockchain engineers.