Lloyds Bank, CargoX, and Enigio awarded Best Use of Interoperable Digital Trade Technology in the Banking Sector at the ICC C4DTI Awards in London

(London, UK – 18 April 2024) – CargoX, Lloyds Bank, and Enigio have been awarded the Best Use of Interoperable Digital Trade Technology in the Banking Sector Award at the ICC C4DTI Digital Trade Awards. 

The Digital Trade Conference is the annual flagship event for the International Chamber of Commerce (ICC) Centre for Digital Trade & Innovation (C4DTI), and it was attended by 900+ attendees with 50+ speakers from 40 countries.

CargoX has co-won the Best Use of Interoperable Digital Trade Technology in the Banking Sector Award for the efforts in providing an interoperable blockchain solution for global electronic trade document implementation, delivery, and processing.

In collaboration with Lloyds Bank – CargoX and Enigio, both independent electronic trade document solution providers, have collaboratively developed and functionally proven the capability to switch electronic trade document originals between interoperable trade document platforms. Following its review of the proof of concept conducted, Lloyds Bank believes the new technology solution can support the UK’s move towards digitising trade documentation. The successful proof of concept will help to establish trust from the global trade community in the move towards interoperability of electronic trade document platforms, used for eBL, eLC and other documents in international trade.

“CargoX, a leading innovator in digital trade and digital trade document management solutions, has joined forces with Lloyds Bank, a world-leading financial institution, and Enigio, a provider of electronic document management, to establish a groundbreaking partnership set to reshape the landscape of digital trade. We are proud to be awarded this prize together with our respected partners. Together, we stand at the forefront of a new global business era. Companies and government agencies can now stop sending and receiving paper trade documents with couriers and harvest the potential of digital ledger technology,” said Peter Kern, VP Commercial at CargoX, who accepted the award on behalf of CargoX. 

The company’s goal is to make trade cheaper, simpler, faster, and more sustainable with the CargoX Platform for Blockchain Document Transfer (BDT). The platform can be implemented in government customs processing and international electronic trade document processing.

As the voice of business at the intergovernmental level, the ICC represents 45 million companies and 1 billion employees in more than 100 countries. The Centre for Digital Trade & Innovation (C4DTI) is a public-private partnership led by industry and supported by the government. Its core mission is to accelerate the digitalisation of UK trade, the implementation of open systems based on common international standards, and the introduction of a digital trade system that is paperless, sustainable, and secure.

Photo: Ulf Eggefors (Enigio), Jon Boran (Lloyds Bank), Peter Kern (CargoX), Rogier van Lammeren (Lloyds Bank)