Oiltanking Singapore has joined Singapore Trade Data Exchange SGTraDex as founding shareholder.
The Singapore-driven public-private partnership aims to reshape the local supply chain ecosystem through digitalisation.
Heng Swee Keat, deputy prime minister and coordinating minister for economic policies, Singapore, announced this collaborative industry-led initiative at the Asia Tech x Summit.
As emphasised by Swee Keat, this common data infrastructure-based initiative will provide the platform to enhance interoperability amongst supply chain ecosystem players and enable neutral, trusted and secured data flow.
The initiative is a response to the regionalisation of trade flow and supply chains which was accelerated by COVID-19.
Since April 2020, Oiltanking has represented the storage industry in two of the three use cases for the consortium to advance further to enhance the sustainability and resilience of global supply chain.
Oiltanking is joined by IMDA, Trafigura, PSA International Pte Ltd, Jurong Port, DBS Bank, OCBC Bank, Standard Chartered Bank, UOB, Pacific International Lines (PTE) Ltd and Ocean Network Express in the group of founding shareholders of the CDIM consortium.
For more information visit www.oiltanking.com
