ICC DIGITAL STANDARDS INITIATIVE LAUNCHES COMPLETE FRAMEWORK FOR SUPPLY CHAIN DIGITALISATION
The Digital Standards Initiative (DSI) of the International Chamber of Commerce (ICC) has launched a complete framework for end-to-end supply chain digitalisation, based on its 18-month analysis covering all 36 key trade documents. The report, together with its interactive Key Trade Data Glossary, marks a breakthrough in digital trade bringing together all key trade documents in a single integrated version, with data alignment that presents a clear path to interoperability and secure data sharing.
The Key Trade Documents and Data Elements (KTDDE) project provides a detailed analysis of 36 key trade documents set forth in the World Trade Organization (WTO), United Nations Commission on International Trade Law (UNCITRAL) including for example documents such as the Sea Waybill, and the Shipper’s Letter of Instruction. The report unifies the approach to data across the supply chain and provides a source of reference for all industry stakeholders by creating the foundations for digital trust at scale in the interests of developing common standards based on United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) data model and fostering interoperability. It offers an invaluable guide to digitalising any process, whether business-to-business (B2B) or business-to-government (B2G) across any global supply chain and covering all sectors.
The full KTDDE Final Report can be downloaded here.