According to the proposed changes, important documents such as a Lasting Power of Attorney (LPA), which allows an appointed person to make medical and financial decisions on another's behalf should the latter lose mental capacity, will also be digitised.
Most maritime trade transactions currently use physical bills of lading that are legal and commercial documents that provide evidence for the contract of carriage, receipt, and ownership of goods. The Infocomm Media Development Authority (IMDA) and the Maritime and Port Authority of Singapore have been working with the Port of Rotterdam's blockchain centre Blocklab on introducing title transfer capability in relation to electronic Bills of Lading.
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