French Senate is set to debate a new law inspired by the Model Law on Electronic Transferable Records that would allow digital trade documents to optimise trade finance.
The law could massively boost DLT adoption to underpin digital documentation and provide decentralised identity; IOTA is the leader in this field, with initiatives in Europe, Africa and the Middle East.
France has taken the first step in digitalising trade finance. With a new law that could massively boost decentralised ledger technology (DLT) adoption in the country, it seeks to compete with Germany, the UK, and other leading investment destinations.
As featured in Global Trade Review, France is pursuing a new law that will pave the way for this digitalisation. The draft bill has the support of President Emmanuel Macron and his Renaissance Party. It sailed through the lower house of the country’s parliament two weeks ago and is now on the floor of the Senate, which is set to debate it in a month.
The new law is insp

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