International commodity trading plays a vital role in the global economy, facilitating the exchange of trillions of dollars worth of goods each year. However, the sector has long been plagued by inefficient, paper-based processes.

Part three of this series examines the worldwide legal framework for the transfer of electronic records and the role that governments play in facilitating this framework.

Physical commodity trading, “current” state versus “future” state.

The URDTT is a set of rules about how electronic documents and transactions can be used in international business.

The Model Law on Electronic Transferable Records (MLETR) is a prominent framework that encourages the legitimate use of ETRs in domestic and international trade.