Initiatives

World Economic Forum

International Chamber of Commerce (ICC)
Skuchain is a member of the Global Trade and Blockchain Platform, an initiative of the International Chamber of Commerce (ICC) and the World Trade Organization (WTO). The United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) and the World Customs Organization (WCO) are strategic partners in this initiative.

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World Trade Organization
The platform provides for an online multi-stakeholder dialogue on the practical and legal implications of blockchain for international trade. As participants in this dialogue, Skuchain will help design solutions to ensure blockchain works for business, governments, and society. More specifically, the platform will:

  1. Exchange information and experience, and share use cases on blockchain projects related to international trade.
  2. Assess elements in the blockchain ecosystem that work well, elements that should be improved/newly developed and what should be addressed by the international trade community to deal with the challenges that blockchain raises.
  3. Help design solutions to ensure that blockchain works for business and governments and has the necessary policy environment to be an impactful tool in addressing international trade challenges.
  4. Develop recommendations or draft policy papers to help drive action.

We are actively involved in trade digitization and blockchain initiatives at the World Economic Forum.

Global Trade Single Window with Blockchain:

We are a member of the expert community for the Global Trade Single Window with Blockchain project at the World Economic Forum. A key bottleneck for end-to-end digitization of global trade is the regulatory requirement to submit large volumes of information and documents to governmental authorities to comply with import, export, and transit-related regulatory requirements. One approach to address this problem is the establishment of a Trade Single Window (TSW) whereby trade related information and/or documents need only be submitted once per country at a single entry point.

In close cooperation with the Inter-American Development Bank (IDB), this project will create a policy toolkit that allows governments across the world to identify and effectively apply blockchain for TSW, beginning with a specific pilot project in Argentina.

Redesigning Trust: Blockchain for Supply Chains:

We are a member of the project community for Blockchain for Supply Chains. This project will convene a broad, multi-stakeholder community to co-design governance frameworks to accelerate the most impactful uses of blockchain in port systems in a manner that is strategic, forward-thinking, and globally interoperable; and by which countries across the economic spectrum will be able to benefit. Since systemwide blockchain deployment will likely be accompanied by significant disruptions across industries, the deployment of this technology requires careful consideration of unintended consequences, as well as measures to ensure that narrow, un-scalable, or bilaterally-designed solutions do not dominate the marketplace. The frameworks developed will ensure that diverse stakeholders can utilize the unique qualities of blockchain to create trust in an environment that is prone to mistrust. They will be prototyped and piloted with relevant stakeholders, iterated based on learnings, and then disseminated broadly for international adoption. The frameworks can be applied to create a systematic global approach to the deployment of blockchain that allows for variability, but is not tied to a specific port system, and that helps to ensure that the needs of all players in the ecosystem are considered as the system transforms.

Skuchain has been Co-Captain at the Banker’s Association for Finance and Trade (BAFT) Innovation Council since 2016. In that capacity, we have shepherded governance standards around the adoption of blockchain-based trade instruments. Banks and BAFT members expressed to us a broader goal of digitization across a range of trade instruments. 

This resulted in the publication in April 2019 of Technical Best Practices and Business Best Practices for the Distributed Ledger Payment Commitment (DLPC) standard. 

The DLPC addresses the payment commitment within the context of trade instruments being processed on a distributed ledger network, and provides an industry-accepted, legally-enforceable means of registering a payment commitment on the distributed ledger. These DLPC best practices provide a common way to represent payment commitments in electronic realizations of a wide range of trade instruments and facilitate interoperability of these instruments across different DL business networks and DL technologies.

Supported by a legal and regulatory framework that offers equivalent protections for banks and corporations as provided for existing trade obligations, the DLPC will enable banks and enterprises to interact digitally and with automation in trade obligations. We are in the process, along with our partners at BAFT, to transform the DLPC best practices into an international standard by working with the International Chamber of Commerce. 

In May 2017, a group of five enterprises and six startups gathered to advance the blockchain and Internet of Things ecosystem. Members of the group included Cisco, Foxconn, Gemalto, Bosch, Skuchain, Chronicled and Slock it.

Together, we launched an IoT “thing” registration API supporting Ethereum, Quorum, and Hyperledger blockchain implementations.

The protocol allows users to register multiple kinds of weaker identities, including serial numbers, QR codes, and UPC code identities, and bind them to stronger cryptographic identities, which are immutably linked across both physical and digital worlds using blockchain technology.

Blockchain technology is driving a broader trend towards securing digital identities of people, organizations, and physical objects. Machines capable of cryptographically-secured transactions can prevent hacking, data breaches, and more of the problems that plague digital economies today.

The common registration protocol brings industry and commerce legacy systems one step closer to secure interactions with cryptographic networks. This will fundamentally change the approaches to computing that underpin today’s IoT device identities, sensor data, and business logic.

To learn more, please email: trusted-iot@skuchain.com.

Skuchain is proud to contribute to the work of The Value Chain Innovation Initiative at the Stanford Graduate School of Business. This Initiative brings together faculty, staff, students, and practitioners to advance the theory and practice of global value chain innovation through research and knowledge dissemination.

The Value Chain Innovation Initiative seeks to understand the economic and social impacts of the global dynamics and digital communications that are reshaping business, industries, and ecosystems. Its research focuses on solving problems that are highly relevant to the greater global business community.

We are proud to contribute to the work of the Consumer Goods Forum (CGF), the only organisation that brings consumer goods retailers and manufacturers together globally to help the world’s retailers and consumer goods manufacturers to collaborate, alongside other key stakeholders, to secure consumer trust and drive positive change, including greater efficiency.

CGF and Skuchain both believe that the establishment of standards will be crucial to the successful adoption of blockchain across the global food value chain. With the success of CGF’s Smart Label initiative, Skuchain looks forward to helping CPG companies implement the next generation of tools for transparency, sustainability and efficiency in the supply chain.

We are proud to contribute to the work of the Supply Chain Risk Leadership Council to create best-practices supply chain risk management standards, processes, capabilities and metrics to be adopted within its members’ respective organizations.

With its global reach, CEO leadership and focus on retailer-manufacturer collaboration, CGF is in a unique position to drive positive change and efficiency across the consumer goods industry and around the world.

Using blockchain, these enterprises can then leverage this best practices effort to proactively initiate consistency across industries and their related organizations / councils. Ultimately, our joint goal is to enable standardizations across industries and become “industry integrators” for the betterment of a more efficient and consistent risk management environment.

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