The ICC has announced the launch of the ICC Digital Trade Standards Initiative (ICC DSI), a collaborative cross-industry effort to enable the standardisation of digital trade. The ICC DSI will be run as an independent entity out of the recently-established ICC Centre for Future Trade in Singapore.
The ICC DSI will build on work done by various likeminded initiatives, many of which aim to digitise trade, notably through the development of open trade and technology standards to promote interoperability.
This initiative aims to promote greater economic inclusion through the development of open trade standards. This will facilitate technical interoperability among the variety of blockchain-based networks and technology platforms that have entered the trade space over the past two years.
ICC anticipates the implementation of a full-time management team and a global and diverse steering committee to provide guidance and set priorities for the project’s development.
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