DNI Initiative reposted this
A great précis of the DNI Initiative event in NYC last week from André Casterman
"Uniform Commercial Code (UCC) amendments to unlock use of digital asset technology in US trade and supply chain finance" Key messages from our recent MLETR planning seminar for the US market. #1 Interoperable negotiable instruments enable stakeholders and platforms involved in trade transactions to engage at any stage of the transaction lifecycle; once digital, more value can be derived from and added to instruments and documents such as real-time visibility and programmable functions #2 UCC amendments enacted in 25 states, and will be introduced to the New York senate in January 2025 #3 Supply Chain Finance under Bill of Exchange will benefit greatly from UCC amendments #4 ICC DSI's Reliable System Self-Assessment Tool already makes a difference #5 Cross-border trade to be upgraded using 4-corner bills of exchange involving banks and/or non-bank lenders #6 Electronic bills of lading are already interoperable across platforms and chains #7 Following the ETD Act, the UK is also aiming to enact the "UK Property Bill" #8 Next to negotiable instruments, the trade industry has an opportunity to digitise cross-border payments using digital asset technology #ICCDSI ITFA DNI Initiative #MLETR #UCC Mayer Brown Lloyds Corporate & Institutional J.P. Morgan Enigio Secro Casterman Advisory XDC Foundation XDC Network D2 Legal Technology ITFA Americas (AMRC) Bank ABC
