The ICC Banking Commission conducted its final meeting of 2024 virtually via Teams on 20-21 November. Four separate portions of the event open to Banking Commission members and ICC National Committee representatives took place.
Lloyds Bank executes the first digital trade transaction using Enigio's trace:original platform on the day the UK Electronic Trade Documents Act (UK ETDA) went into effect.
The evolution of trade finance from manual processes to digitalization is now advancing into the metaverse. Emerging technologies like augmented reality and virtual reality, facilitated by the metaverse, promise enhanced security, authentication, and timestamping.
