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Global eTrade Services Introduces Single Window Mesh -- The Next Generation in Global Trade Facilitation
With Single Window Mesh, it leverages on technology to lower the barrier for governments and businesses to better share data and collaborate digitally. It uses technologies such as AI-powered (Artificial Intelligence) RPA (Robotic Process Automation), blockchain and neural network algorithm to dynamically crawl, aggregate and co-relate structured and unstructured data across the entire trade eco-system, to use data at source effectively. It will consolidate and analyse data retrieved from transactions in real-time, fulfilling part of trade declaration process automatically and dynamically based on users' trading intent. This in turn ensures automatic and accurate Customs compliance and precise duty calculations for every specific trade. The accuracy of the Single Window Mesh can also compile a 360-degree risk assessment for Customs and related government agencies to mitigate the dangers of high-risk cargoes and lower the chances of unforeseen events.
Currently in development, Single Window Mesh will be added onto GeTS' CALISTA™. CALISTA™ is an interoperable, neutral and trusted B2G platform that enables supply chain orchestration across the world. With Single Window Mesh to be seamlessly integrated to CALISTA™ in the future, it will allow Traders to expedite cargo clearance at all ports, by fulfilling compliance requirements accurately and efficiently.
Kenya Trade Network Agency (Kentrade), a user of a Single Window developed by CrimsonLogic, is slated to be the first partner to pilot the Single Window Mesh on their national TFP.
Mr Chong Kok Keong , Chief Executive Officer of GeTS said: "As eCommerce and the Internet of Logistics growing at an unprecedented rate, we want to show a new of doing trade, and with Single Window Mesh as a break-through innovation on our growing CALISTA™ platform, that will make trade even more accessible, predictable and easier."
Global eTrade Services (GeTS), a global leading trade platform company, is shaping the future of trade and supply chain with its innovative use of technology and deep G2B and B2B domain expertise. GeTS enables the orchestration of physical logistics, compliance and financial requirements of trade and supply chain seamlessly, smartly and securely, thus powering global trade by making it accessible, predictable and easier to fulfil. The company has linkages to 26 Customs nodes across the world, with more than 176,000 connected parties and conducting more than 18 million transactions annually.
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