DOCKLAB & XDC Trade Network have partnered to revolutionize digitalizing trade documents into Europe

SINGAPORE - June 12, 2024 - PRLog -- DOCKLAB, based in the Netherlands, has partnered with XDC Trade Network. This strategic collaboration aims to enhance the digital transfer of ownership of trade documents, leveraging the MLETR-compliant TradeTrust framework.

DOCKLAB's product Doctary enables seamless and secure digital transactions, ensuring the efficient and reliable transfer of ownership for trade documents. By partnering with XDC Trade Network, Doctary aims to bring access to liquidity from alternative sources, making global trade more inclusive to SMEs, reducing costs, and enhancing the speed of transactions.

The TradeTrust framework, upon which Doctary's solution is built, is a trusted, open-source platform that ensures the authenticity and integrity of digital trade documents. This partnership aligns with Doctary and XDC Trade Network's commitment to advancing the digital transformation of the trade industry.

The XDC Trade Network is renowned for its robust and scalable blockchain infrastructure, which provides a secure and efficient platform for availing trade finance. This partnership is expected to enhance the capabilities of both organizations significantly, driving forward the adoption of digital trade solutions in Europe.

About DOCKLAB

DOCKLAB is a venture studio specialized in developing breakthrough solutions for today's supply chain and energy transition challenges based on emerging technologies such as AI, IoT and blockchain. Next to Doctary (www.doctary.nl) Docklab has incubated a diverse range of spin-outs, such as Distro Energy, a peer-to-peer energy trading platform (www.distroenergy.com), QuayConnect, a fully digital customs clearance platform (www.quayconnect.io) and FuelForward, a trade and compliance platform for renewable fuels (www.fuelfwd.io). For more please visit https://www.docklab.nl/

About XDC Trade Network

XDC Trade Network (XTN) is a complete suite of dApps on XDC Network that aims to redefine the global trade finance Industry. The objective of XTN is to provide liquidity for trade documents when presented in digital form. Exporters can avail of 100% funding by using electronic trade documents. XTN acts as a marketplace where borrowers and Liquidity providers (LP) are on-boarded through a regulated custodian. LPs can verify, endorse, and transfer title documents during the lending process by accessing TradeTrust and other trade registries. For more on the company and joining pilots please visit https://www.xdctrade.network/