Trade documentation encompasses all official papers and records required for the legal and logistical execution of commercial transactions. These documents verify the details of goods, services, and payments involved in domestic and international trade. They are essential for customs clearance, financing, and ownership transfer.
Context
The digitalization of trade documentation is a significant trend, with blockchain technology offering solutions to enhance efficiency, security, and transparency. Moving traditional paper-based processes onto distributed ledgers can reduce fraud and accelerate global trade flows. Ongoing initiatives aim to standardize digital formats and ensure legal recognition across various jurisdictions.
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