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Morpheus.Network Partners with Singapore Government’s IMDA — TradeTrust Framework

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Morpheus.Network Partners with Singapore Government’s IMDA — TradeTrust Framework

We are pleased to announce that Morpheus.Network has entered into a new partnership with TradeTrust.io contracted by Singapore’s Infocomm Media Development Authority (IMDA) to support their TradeTrust framework that addresses the challenges of paper-based international trade by providing a standard for verified digitized solutions.

What is TradeTrust.io?

Built upon OpenAttestation, TradeTrust comprises globally accepted standards and frameworks that allow governments and businesses to endorse, exchange, and verify documents and effect title transfer across different digital platforms seamlessly.

OpenAttestation is an open-sourced framework developed by GovTech that verifies documents using the blockchain. Documents issued this way are cryptographically trustworthy and can be verified independently by all supply chain stakeholders.

TradeTrust.io has been developed for transferable documents to meet the requirements of the United Nations Commission on International Trade Law (UNCITRAL) Model Law on Electronic Transferable Records (MLETR) that was recently adopted into Singapore’s legislation in 2021. The open-source code is openly available and can be easily integrated into any existing business systems and solution providers, creating and verifying documents in support of viable causes.

How TradeTrust.io leverages the Morpheus.Network platform

Morpheus.Network’s innovations will enable the step-by-step and real-time monitoring of supply chain process automation, consistent with TradeTrust’s vision and mission of being a key interoperability mechanism for trade.

Morpheus.Network will support TradeTrust by converting the bill of lading data, required for maritime shippers, into an NFT generated by the tradetrust.io platform. Morpheus.Network provides the interface for the transfer of the NFT to various stakeholders down the supply chain, such as the ocean carrier and cargo owner.

The projects have been conducted with one of the top 10 largest shipping container companies in the world and has a connection through IMDA and TradeTrust.io.

We look forward to continuing the technological partnership, and providing more amazing applications for TradeTrust clients and Morpheus.Network partners around the world.

About Morpheus.Network

Morpheus.Network is intensely focused on helping companies and Government organizations eliminate inefficiencies and remove barriers to optimize and automate enterprise supply chain operations. Their multi-award winning supply chain middleware platform leverages transformational digital technologies such as ML/AI, IoT and Blockchain and has over 150 integrations with leading companies, including SAP, DHL, Fedex, Cargowise, Telefonica, Marsh, Swift and more! Morpheus.Network helps clients maximize revenue through digitization and process automation, protecting sensitive data, and untangling complex issues with the legacy supply chain system while delivering effective, equitable, and efficient global trade solutions.

“If you fix the supply chain, you fix the world!” — Dan Weinberger, CEO

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Morpheus.Network Partners with Singapore Government’s IMDA — TradeTrust Framework was originally published in Morpheus.Network on Medium, where people are continuing the conversation by highlighting and responding to this story.

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