A. General Information
ARQIT – TradeSecure
B. Lessons Learned
TradeSecure generates and distributes digital trade finance instruments, protecting financial supply chains from disruption and fraud, while improving their cash flow. Its technology can be deployed in any trade finance platform, providing customers with quantum security against all current and future cyber threats. Using distributed ledger technology, Arqit TradeSecure provides its customers with a single, trackable and transferable digital financial instrument that is easier to manage than paper-based solutions. Arqit TradeSecure can mint and secure Digital Trading Instruments, including Digital Promissory Notes and Digital Bills of Exchange.
Digital Negotiable Instruments (DNIs) such as Digital Promissory Notes and Digital Bills of Exchange are increasingly being used in working capital solutions, with buyer-led supply chain finance programmes expected to double within the next 5 years. With legislation based on the UN’s MLETR being adopted around the world, these instruments represent the future of trade finance. Banks need to ensure digital documents can be trusted from invoice origination through to acceptance, and potentially onward endorsement, of the finance instrument. Arqit TradeSecure is a quantum-safe independent minting and sealing service for DNI. offering full traceability and visibility of instruments, maintained by a cryptographically immutable “digital twin” that records changes of ownership in a secure digital ledger.
Commercial adoption of Digital Negotiable Instruments (DNIs) is dependent on their ease of use and on their legal recognition. Arqit has created a legally recognised digital instrument, that meets legal tests set out in the UK’s Electronic Trade Documents Act 2023.
Arqit is a company whose technology complies with the UN MLETR provisions on the identity, integrity and control of transferable electronic documents. Its software is fully compliant with MLETR-based legislation and enables its customers to secure their supply chains and increase their liquidity. TradeSecure uses Arqit's SKA platform, a symmetric key agreement software designed to protect users from the growing quantum threat.
Digital Negotiable Instruments (DNIs) such as Digital Promissory Notes and Digital Bills of Exchange
TradeSecure’s Digital Negotiable Instruments (DNIs) greatly enhance both access to trade finance and supply chain efficiencies, giving our customers faster transaction times, reduced costs, and provably secure transferability of digital finance assets.