Service

A. General Information

1. Title

Fuixlabs’s trade+

2. Implementation period of the project/service:
From
--
To
--
3. Website
https://fuixlabs.com/
4. Geographical coverage
Global
Hub Point: Viet Nam
5. Participating agencies/entities of the project/service:
a. Development stage
Lead agencies/entities
Fuixlabs
Other participating agencies/entities
--
b. Operational stage
Lead agencies/entities (op)
Fuixlabs
Other participating agencies/entities (op)
--
6. Main stakeholders/beneficiaries of the service
Traders (big enterprises)
Traders (SMEs)
7. Business process category of the service
Commercial Transactions

B. Lessons Learned

8. Summary description of the project/service
Brief Summary

Trade+ is a solution based on blockchain technology, artificial intelligence and digital twins which enables the issuance and exchange of electronic trade documents with high security levels.

a. Objective(s)

Modernize document management and supply chain systems.

b. Business need for the service (background)

Migration from the legacy phase to the digital phase can be made smoother by the use of digital twins.

c. Business process covered*

Trade document exchange.

d. Overall architecture and functionalities*

Through the use of blockchain and AI, every document has a unique fingerprint and a digital twin in a storage agnostic manner. The semantic meaning of the document can be extracted by AI and each document is attributed to an owner and a holder and Trade+ can be integrated with an API.

e. Relevant document/figure
--
9. Documents and data exchanged via the service

Trade documents (bill of lading).

10. Data models/databases, proprietary solutions, hybrid approaches
--
11. Main challenges faced during the service
--
12. Lessons learned from the service

The advantage of this system is to ensure interoperability and bridging the gap between legacy systems and digitalize systems during the transition phase.

13. Main benefit(s) of the service
Transaction Cost savings*
Transaction Time savings
13A. Elaborations/detailed description on benefits gained
--
14. Technical/financial/capacity building/other assistance
--
15. Future plan for expansion of the service
--
16. Other information or relevant references on the service
--
17. Relevant document regarding the service
--

C. Relevant Standards

18. Name(s) of any international, national legal instrument underpinning the service
--
19. Electronic message standard
19A. Electronic message standard supporting the service
--
19B. Type of standard for electronic message applied for the service
--
20. Technical communication standard
20A. Technical communication standard supporting the service
--
20B. Type of technical communication standard applied for the service
--
21. Security-related standards*
21A. Security-related standard supporting the service
--
21B. Type of security-related standard applied for the service
--
22. Other Technical Information
22A. Interface developed for data exchange with an internal system
--
22B. Other technical implementation information
--