Eastern Networks has launched a global e-trade standard to enable companies involved in international trade to exchange documents over the Internet
Information technology solutions provider, Eastern Networks, has launched a global e-trade standard, bolero.net. The system aims to enable parties involved in international trade, such as exporters, banks and freight forwarders, to exchange documents over the Internet.
Eastern Networks hopes that Bolero.net will become a standard platform for accelerated, paperless and secure global trade.
“Our region plays an important role in international trade and must be connected to the expanding global e-trade network,” said Mr Hazem Mulhim, Eastern Networks’ Group managing director. “The flow of documents and information between all the parties involved is crucial and often one of the most complex, resources-consuming and costly components of international trade,” he added, stressing the point that bolero.net aims to specifically address these challenges.
Australian mining company, ReoTinto, Tate and Lyle and the Columbian Coffee Federation are companies that have all signed up with bolero.net, which further hopes to attract and hugely benefit oil companies in the Middle East.