Transferable Docs

BlockPeer has integrated with TradeTrust, a Singapore IMDA initiative, to enable businesses to issue and manage transferrable documents like Electronic Bill of Lading (eBL), ePromissory Notes, and ePayment Undertakings. These documents offer the advantage of blockchain-backed authenticity and ownership transfer, simplifying trade processes and facilitating quick financing opportunities.

What Are Transferrable Documents?

Transferrable documents allow for the legal and seamless transfer of ownership, providing businesses with a secure and verifiable way to handle crucial trade documentation. By utilizing blockchain technology, these documents ensure:

• Authenticity: The integrity of the document is secured on the blockchain.

• Verifiability: Any recipient or financier can verify the document's legitimacy in real-time.

• Ownership Transfer: These documents can be transferred across parties with clear proof of ownership changes on the blockchain.

Transferrable documents like eBL (electronic Bill of Lading) are essential for trade logistics, while ePromissory Notes and ePayment Undertakings play key roles in financing arrangements.

Key Benefits of Transferrable Documents in BlockPeer

1. Streamlined Ownership Transfers

   • Using blockchain, these documents enable the seamless transfer of ownership between entities. Once transferred, the recipient becomes the recognized owner, reflected transparently and securely on the blockchain.

2. Enhanced Security and Compliance

   • The blockchain’s immutable ledger ensures that the documents are secure and compliant with global standards like UNCITRAL’s MLETR, providing legal certainty in a digital format.

3. Quick Access to Financing

   • Transferrable documents can be endorsed and used as collateral in financing deals. Using BlockPeer’s Cliq marketplace, businesses can tokenize these documents to obtain financing more quickly from onboarded financiers.

4. Real-Time Verification

   • Documents created through BlockPeer are easily verifiable using the TradeTrust framework, allowing for quicker processing and reduced delays in trade transactions.

Key Use Cases for Transferrable Documents

• Logistics: An eBill of Lading (eBL) simplifies the transfer of goods in international trade, while providing secure and verifiable ownership records.

• Financing: ePromissory Notes and ePayment Undertakings can be used to secure financing, as financiers have clear visibility on the document’s authenticity and history.