An international consortium of industry and technical experts, supported by government, business and other organisations, have successfully completed the world’s first quantum-secure cross-border electronic trade document transaction. This pilot, orchestrated by the International Chamber of Commerce UK and Centre for Digital Trade and Innovation (C4DTI) on behalf of the UK Government, and supported by the Singapore Government agency the Infocomm Media Development Authority (IMDA), saw sample building products transported from the United Kingdom to Singapore using traditional paper documentation, as well as electronic trade documents, including an electronic bill of lading (eBL) and a digital promissory note, simultaneously reconciled using a Distributed Ledger (DLT) in both jurisdictions. A quantum-secure ‘seal’ was placed around the electronic trade documents using Arqit’s symmetric key agreement and quantum notary technology, ensuring that the documents were protected from current and future cyber threats.
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