Technology and Trade: The End of Paper?

New technology will be expensive to develop, but it will eventually make international trade easier than ever - and could lead to the elimination of paper in the process.

As international trade moves on to the web, business-to-business B2B portals and their members are looking for ways to keep the whole transaction process online inevitably this requires a streamlining of existing processes and elimination of paper.

Trade finance products and the commercial documents of trade, which have in many cases remained unchanged for over 100 years and rely heavily on processing paper documents, are being examined closely.

But at the same time, electronic trading communities do not want to throw the baby out with the bath water. For trade to happen successfully, buyer and seller must be able to identify each other accurately, they must agree a contract, the seller must be...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222