Fiata aims to digitize the supply chain and improve corridor management, collaborating with multimodal corridors and developing a digital corridor to streamline trade. Maersk and IBM's TradeLens project, while successful, faced challenges due to reluctance from major shipping companies to share data. HSBC and Tradeshift's joint venture focuses on embedded finance solutions and financial services apps for businesses and suppliers in the global trade market, reflecting a growing trend of innovation in the trade sector.

Digitizing Trade and Finance