Secro is proud to announce its verification under the Model Law on Electronic Transferable Records (MLETR), a milestone that reinforces our commitment to secure and reliable digital trade documentation. This achievement, endorsed by the Digital Governance Council (DGC) and the International Chamber of Commerce Digital Standards Initiative (ICC DSI), highlights the platform's cutting-edge technology and robust compliance framework. With this certification, Secro offers clients unmatched reliability, global acceptance, and the confidence to embrace a fully digital trade environment.
A Transformative Step in Digital Trade
Secro's MLETR verification is more than a certification—it’s a testament to our dedication to enabling seamless, secure, and efficient trade operations. The verification assures clients that Secro meets the stringent legal and technical standards required to replace paper-based processes with digital trade documents while ensuring functional equivalence, security, and global legal recognition.
What Secro Had to Demonstrate
- Comprehensive Compliance with MLETR Articles
- General Provisions (Articles 1-7): Secro ensures that electronic transferable records (ETRs) meet the foundational legal principles required for enforceability, including authenticity and integrity.
- Writing and Signature Equivalence (Articles 8-11): By integrating advanced electronic signatures and leveraging blockchain for immutability, Secro ensures documents retain the same legal standing as traditional paper-based counterparts.
- Control and Transferability: The platform uses secure cryptographic methods, such as Elliptic Curve Cryptography (ECC) and Ed25519 digital signatures, to ensure that only authorized parties can access, transfer, or modify documents.
- Unparalleled Reliability and Robustness
- Operational Reliability (Article 12): Secro’s system architecture includes multi-region disaster recovery, automated backups with a maximum recovery time of four hours, and ISO 27001-certified processes. Regular penetration tests and audits further enhance security and reliability.
- Data Integrity: The platform prevents unauthorized alterations through features like Role-Based Access Control (RBAC), multi-factor authentication (MFA), and immutable blockchain tokens.
- Sophisticated Technological Foundation
- Secro leverages a private, permissioned blockchain for secure document creation and management. Each document is uniquely identified and stored across redundant layers, including:
- Human-Readable PDFs: Immutable documents that combine structured data with easy-to-read formats.
- Blockchain Tokens: Ensuring non-repudiation and exclusive control by authorized users.
- Structured Data Storage: Allowing seamless data retrieval and future reference.
- End-to-End Security Features
- Access Controls: Only verified users can access the platform, with strict authentication protocols and automatic inactivity logouts.
- Document Validation: Embedded QR codes and alpha-numeric identifiers allow real-time document verification through Secro’s digital notary service.
- Change Tracking: Every action is recorded on the blockchain, ensuring complete transparency and traceability.
What This Means for You
Secro’s achievement directly benefits your business in the following ways:
- Global Acceptance: Verified compliance with MLETR and related regulations (e.g., Singapore’s Electronic Transactions Act and the UK Electronic Trade Documents Act) ensures seamless cross-border document validity.
- Enhanced Security: Multi-layered encryption, immutable document storage, and rigorous access controls keep your trade data safe.
- Operational Efficiency: The digital transformation of trade documents eliminates the inefficiencies of paper-based processes, reducing costs and risks.
- Future-Proofing: Secro’s adherence to evolving international standards positions your business for long-term success in a digital-first trade environment.
Beyond Certification: A Client-Centric Approach
Secro’s MLETR verification isn’t just a compliance milestone—it reflects our commitment to empowering businesses with technology that’s secure, scalable, and globally recognized. By integrating operational best practices and cutting-edge digital innovations, Secro ensures that your trade operations remain competitive in an ever-evolving market.
Highlights of Secro’s Advanced Features
- Exclusive Control and Transferability
- Secro ensures each document remains in the exclusive control of its holder until legally and securely transferred. The system's robust access and transfer protocols ensure the integrity of every transaction.
- Immutability and Verification
- Each document is protected against unauthorized alterations through blockchain immutability and real-time verification capabilities. Clients can verify document authenticity via a QR code or unique identifier at any time.
- Seamless Interoperability
- Secro’s platform supports cross-platform and cross-border interoperability, enabling clients to integrate seamlessly with diverse ecosystems while maintaining compliance with international trade regulations.
- Transparent Audit Trails
- Detailed logs of every action taken on the platform provide clients with complete visibility into their document history, fostering accountability and trust.
Conclusion
Secro’s MLETR verification sets a new benchmark for digital trade documentation, offering clients the confidence to transition to a fully digital ecosystem. By combining legal reliability, technological innovation, and user-centric features, Secro empowers businesses to streamline operations, reduce costs, and build resilience in the global trade landscape.
Discover how Secro can revolutionize your trade operations. Contact us today to learn more.
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