• Episode 2- Digitalizing Certificates of Origin in Mongolia

  • Sep 26 2024
  • Length: 11 mins
  • Podcast

Episode 2- Digitalizing Certificates of Origin in Mongolia

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  • Summary

  • In this episode of Fix Supply Chain, Fix The World, host Allen Stark dives into the critical role of international trade in Mongolia, focusing on the ongoing project to digitize Certificates of Origin (COOs). The traditional paper-based process for COOs has posed challenges, including delays and inefficiencies, particularly in regions with limited digital infrastructure. To address this, Mongolia's Ministry of Foreign Affairs, in partnership with the Asian Development Bank (ADB), has initiated the development of an online portal for COO verification. Morpheus.Network's blockchain-powered solution was selected for its security, efficiency, and seamless integration, transforming the COO process and supporting Mongolia's broader goal of becoming a "Digital Nation." The episode highlights how digitalization can modernize trade procedures, promoting economic growth and streamlining cross-border trade.
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