Post-Brexit Trade Transformation: IOTA’s TLIP Enhances EU-UK Logistics

The
Trade
and
Logistics
Information
Pipeline
(TLIP),
utilizing
IOTA
technology,
aims
to
streamline
EU-UK
trade
by
enabling
real-time
data
sharing
and
reducing
administrative
overhead,
according
to
the

IOTA
Foundation
Blog.

The
Role
of
IOTA’s
TLIP
Technology
in
the
UK

Post-Brexit,
the
UK
faced
an
increase
in
administrative
and
regulatory
requirements
for
moving
goods
between
the
UK
and
the
EU.
The
UK’s
Electronic
Trade
Documents
Act
and
the
EU’s
Entry
&
Exit
System
aim
to
digitize
trade
processes.
In
this
context,
TLIP,
an
IOTA-based
digital
infrastructure,
provides
an
ideal
solution
to
improve
the
flow
and
efficiency
of
trade.

TLIP:
Streamlining
Trade
Through
Technology

TLIP
uses
IOTA
to
create
a
seamless
digital
network
for
managing
trade
information,
reducing
administrative
overhead,
and
addressing
challenges
associated
with
multiple
organizations
and
high
document
verification
costs.
A
typical
trade
consignment
can
involve
over
20
organizations,
each
incurring
costs
for
data
extraction
and
document
verification.
TLIP
enables
stakeholders
to
access
and
share
consignment
data
seamlessly,
reducing
delays
and
the
risk
of
non-compliance
penalties.

Case
Study:
Poultry
Consignments

In
a
pilot
study
involving
poultry
shipments
from
Poland
to
the
UK,
managed
by
the
Institute
of
Export
&
International
Trade
and
Mobius
Technology,
TLIP
demonstrated
its
benefits.
Mobius
handles
subcontracts,
creates
export
and
import
declarations,
and
monitors
the
physical
movement
of
goods.
TLIP’s
proactive
approach
ensures
that
all
regulatory
requirements
are
checked
before
goods
reach
the
border,
expediting
the
clearance
process
and
reducing
costly
delays,
especially
for
perishable
goods.

How
Mobius
Uses
TLIP

Mobius
uses
TLIP
to
send
signals
to
border
agencies,
providing
consignment
details,
route,
timings,
and
monitoring
temperature
control
and
location.
TLIP
acts
as
a
digital
pipeline,
collating
consignment
and
transport
information
for
each
shipment,
making
it
accessible
to
relevant
stakeholders.
This
ensures
interoperability
and
trust
in
the
supply
chain.

Benefit
1:
Interoperability

TLIP
facilitates
interoperability
between
different
IT
systems
used
by
transport
and
logistics
companies.
By
using
international
data
standards,
TLIP
allows
documents
and
data
to
be
shared,
compared,
and
accessed
by
different
parties
along
the
supply
chain,
promoting
consistency
and
administrative
efficiency.

Benefit
2:
Trust

TLIP
ensures
trust
in
both
supply
chain
participants
and
the
data
itself.
All
participants
are
carefully
audited
and
accredited,
with
credentials
stored
as
Verifiable
Credentials.
This
enables
the
provenance
of
documents
and
data
to
be
easily
checked,
reducing
the
need
for
costly
document
checks
by
border
authorities.

Collaboration
with
TETA

Mobius
is
a
member
of
the
Technology-Enabled
Trading
Alliance
(TETA),
which
addresses
complex
trade
issues
related
to
the
movement
of
goods
across
international
borders.
By
working
with
TETA,
TLIP
benefits
from
real-world
testing
and
implementation,
ensuring
practical
and
effective
solutions
for
actual
trading
scenarios.

Next
Steps

The
TLIP-Mobius
partnership
will
continue
to
develop
the ‘signals’
concept
and
introduce
new
operational
signals,
including
results
from
health
inspections
and
environmental
monitoring
alerts.
The
pilot
is
scheduled
to
run
until
the
end
of
September,
with
plans
to
develop
the
first
commercial
EU-UK
road
freight
platform
post-pilot.

Conclusion

As
the
UK
navigates
its
post-Brexit
trading
relationship
with
the
EU,
technologies
like
TLIP
play
a
crucial
role.
Jens
Munch
Lund-Nielsen,
Head
of
Global
Trade
&
Supply
Chains
at
IOTA
Foundation,
stated,
“By
cutting
through
the
complex
web
of
international
trade
logistics,
TLIP
not
only
enhances
operational
efficiencies
but
also
provides
access
to
trusted
supply
chain
data
to
support
and
even
automate
checks
on
compliance
with
evolving
standards
and
regulations.”

Image
source:
Shutterstock