Secro has developed a robust technology that ensures full interoperability with mainstream blockchain frameworks. This capability would allow Secro to seamlessly integrate with any blockchain-based electronic Bill of Lading (eBL) provider. Secro’s strategic initiatives and partnerships highlight its commitment to achieving comprehensive interoperability within the eBL ecosystem, positioning it as a leader in the field.

Interoperability with Blockchain Frameworks

Secro’s technology is designed to be fully compatible with all major blockchain frameworks. This universal interoperability enables seamless interaction with various eBL providers operating on blockchain technology. By integrating with these frameworks, Secro facilitates the smooth exchange of eBLs across different platforms, ensuring efficiency and security in trade transactions.

Strategic Integrations and Partnerships

Secro has established significant integrations and partnerships to enhance its interoperability capabilities:

1. TradeTrust Integration: Secro is integrated with TradeTrust, a Singapore-based eBL exchange platform that connects multiple platforms, including TradeGo. Successful test transactions have already been conducted, demonstrating the practical application of this integration.
2. FIT Alliance eBL Declaration: As a subscriber to the FIT Alliance eBL Declaration, Secro commits to fostering interoperability and standardization within the eBL space.
3. DCSA Interoperability Roundtable: Secro participates in the interoperability roundtable organized by the Digital Container Shipping Association (DCSA), contributing to industry-wide discussions and initiatives aimed at improving eBL interoperability.
4. SWIFT Collaboration: Secro is in discussions with SWIFT to explore potential interoperability proof of concepts, further expanding its reach and capabilities.

Enabling Interoperability Beyond eBL Providers

Secro’s technology not only facilitates interoperability between eBL providers but also extends to non-eBL technology providers. Starting in October 2024, Secro will enable all the clients of the largest post-fixture platform for agri-commodities to seamlessly exchange tokenized eBLs across their global network, without onboarding any new provider and rather exploit Secro’s proven technology and legal framework.

Additional Interoperability Efforts

Secro aims to replicate its successful integration in the agri-commodity space across other major trades such as energy and metals, by integrating with technology platforms and systems already established in these markets and used by banks and corporates. In this way, banks and corporates will access the eBL functionality provided by Secro through their already approved and familiar software provider, without any need for complex eBL onboarding and vendor’s due diligence

Conclusion

Secro’s innovative approach and strategic partnerships position it at the forefront of eBL interoperability. By leveraging blockchain technology and establishing key integrations, Secro ensures a scalable and production-ready solution for seamless eBL exchange. The company’s ongoing efforts to enable backend integration across various platforms underscore its commitment to help standardizing and simplifying banks’ vendors procurement and onboarding processes.