Supply chain players developing common infrastructure to share data
It will connect data platforms of importers, exporters, shipping firms and financial institutions, to cut dependence on physical documents
Singapore
A COMMON infrastructure that allows for the open and trusted sharing of data across the fragmented supply chain ecosystem is being developed by a group of industry players from both the public and private sectors.
The infrastructure will connect the existing data platforms of importers and exporters, shipping companies and financial institutions, helping to reduce dependency on physical documents and instances of fraud, as well as ease congestion at container nodes among other benefits.
TRENDING NOW
Once staunchly pro-China, Malaysian Chinese businesses are now distancing themselves from Beijing
Britain’s mansion tax shows the difficulty of targeting wealth
Three hats, one goal: How Ng Kian Swan runs sustainability at NUHS
COE review: The gap between luxury and mass-market cars isn’t the only one worth bridging
