A. General Information
Enigio’s trace:original
B. Lessons Learned
Trace:original is a solution for creating and managing digital original documents, with all properties of paper, but in a digital form. This means that you can maintain a completely digital process for original documents, with all the security, efficiency and convenience of digital documents.
Trace:original is built on several technical components that ensure the integrity of the digital original document with mathematical certainty.
Digitalize trade documents necessitates to conserve all properties of paper while creating digital documents with security, efficiency and convenience as principles.
Trade document exchange.
Three components: - The trace:original document, a fully portable document (in PDF format) that contains all business and transaction data, signatures, attachments, etc. It can be amended and each version is cryptographically sealed with the private key of the one in possession. - A cryptographic key pair with a public and private key. The public key is written to the document and ledger, evidencing who is in possession. The private key is held by the one in possession and used to manage the document. - A public distributed ledger (i.e., block-chain), with the function of being a cryptographic notary service for all trace:original documents. It stores only cryptographic evidence of the document and transactions but zero business data.
Bank Guarantee, Bill of Exchange, Promissory note, CMR, Bill of Lading, Air waybill, certificate.
Proprietary system with interoperable features through standards. Compatibility with MLETR and dDC specifications from ITFA’s DNI initiative.
Easy and flexible to implement all parties can keep their current systems and processes. No need for change of current law and regulations provided they are technology neutral MLETR or similar.