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The digital revolution against trade fraud

Gaps in current international trade ecosystem can be addressed with cross-border, coordinated use of blockchain technology.

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Singapore will need to be at the forefront of these global digital initiatives to maintain its international trading hub status.

THE world urgently needs a revolution of the current system of international trade. In just the first six months of 2020 alone, the world has witnessed a number of massive corporate scandals that involved allegedly fraudulent or fabricated trade documents.

Take the Hin Leong debacle for...

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