Enigio’s trace:original solution has achieved a significant milestone by becoming the first digital trade document system to be recognised as "reliable" under a new initiative led by the International Chamber of Commerce’s Digital Standards Initiative (ICC DSI) and Canada’s Digital Governance Council. This development addresses a longstanding gap in defining "reliable systems" required by regulatory frameworks such as the UN’s model law and its UK equivalent for issuing and transferring electronic trade documents.
The recognition comes after the ICC DSI and Digital Governance Council launched a tool allowing industry participants to submit self-assessments of their systems. These assessments are reviewed by the two organisations for compliance with operational, security, and technological standards. On 18 November 2024, Enigio’s trace:original was verified as meeting these general reliability standards, marking an important step in digitalising trade. The verification statement, signed by Keith Jansa, CEO of the Digital Governance Council, and Pamela Mar, Managing Director of ICC DSI, highlights Enigio's robust technical procedures and operational controls.
Patrik Zekkar, CEO of Enigio, expressed pride in contributing to the reliability framework under the model law, describing the initiative as a transformative milestone for the industry. He noted that the framework and the assessment tool provide a clear, trusted path for scaling digital trade, turning dialogue into actionable progress. Despite this interim recognition, the organisations aim to eventually underpin the tool with a formal certification process involving third-party validation.
Industry observers emphasise that establishing which platforms are deemed reliable is crucial for advancing digital trade. It not only facilitates interoperability between compliant systems but also supports the broader adoption of digital trade practices. While the UN and UK frameworks avoid prescribing specific reliability standards, France's forthcoming reforms are expected to include detailed criteria, signalling an evolving regulatory landscape for trade digitalisation.
Original article by John Basquill for Global Trade Review. Read here or click the PDF below.
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