Columbia One · Platforms · Trade Trust
Live demoElectronic transferable records · MLETR
Trade Trust
منصة الثقة الرقمية وفق قانون الأونسيترال النموذجي (MLETR)One digital original for each bill of lading, promissory note, bill of exchange and warehouse receipt, with one holder in control at a time. Banks register the credits and guarantees they sent by SWIFT on the same record.
The problem
Why it is needed
Paper originals travel by courier between exporter, banks, carrier and buyer. Trade is slow, a forged or duplicated original is hard to detect, and supervisors see documents late.
Where it stands todayLive demo and sandbox in 11 languages, open to approved e-mail addresses. Egypt has not yet adopted the MLETR; today records take effect between participants under the Participants Agreement and Rulebook. Columbia One holds and moves no funds, and the SWIFT message prevails for credits and guarantees.
How it works
Step by step
- IssueThe issuer creates the electronic record: an eBL, a promissory note, a bill of exchange or a warehouse receipt.
- ControlExactly one party holds the record at any time. The holder sees its rights: transfer, pledge to a bank, present for release or payment.
- TransferControl passes only when the receiving party accepts. Every step is signed by a maker and a checker and kept in an unbroken audit trail.
- FinanceBanks register letters of credit and guarantees from their SWIFT messages; documents are presented, examined and released on the same record.
- VerifyAnyone checks the current holder, history and integrity by reference or QR code, without an account.
Who takes part
Participants
Exporters and importersIssuing, advising and confirming banksShipping lines and carriersLicensed warehousesCargo insurersRegulators and customs (read-only)
Standards & links
Built to work with
Designed to the UNCITRAL MLETRICC UCP 600 · eUCP 2.1 · URDG 758SWIFT MT700 / MT707 / MT760 / MT767ISO 20022DCSA eBLEgyptian Law 15 of 2004 (e-signature)
Runs on Misr Chain Vault
Other Columbia One platforms
Single sign-on, identity and KYC, digital signatures, maker-checker approvals, audit trail and QR verification are shared with every Columbia One platform.
See the trust layer →