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Security and Messaging Open Technology A key requirement of the Trusted Trade Platform (TTP) is to ensure that all companies, regardless of size, can easily adopt and integrate the technology. To meet this requirement, the TTP uses Internet protocols for document transport, message formats and security. These are the same protocols that are used in standard browsers and e-mail clients, such as Internet Explorer and Outlook. Security To secure trade documents sent through the system, the Bolero TTP service relies on digital signatures and encryption. These techniques provide security far superior to what exists in both the paper world and the Internet. For example, a confidential paper document can be copied and presented to outside parties without the knowledge of its sender. It can also be forged and successfully passed on as an original. The same things can happen to Internet-delivered messages, such as e-mail. However, none of these scenarios are possible with the TTP security: encryption prevents viewing of a document by any party other than the intended receiver while digital signatures provide proof of document’s origin and ensure that signed documents cannot be altered. Guaranteed Delivery While Internet protocols enable rapid, inexpensive implementation, they do not guarantee the delivery of information. While e-mail has proved reliable, there is no guarantee that your mail will be delivered to its recipient. This is perfectly acceptable for most communication, but it is not good enough when payment is reliant on the delivery of trade documents. The TTP solves this problem with a standard acknowledgement protocol. Each document that is sent through the Bolero service is logged and acknowledged by the TTP, providing the sender with a guarantee that the document will be delivered to the recipient. When the recipient receives the document, the TTP notifies the sender of delivery. Speed Many critical trade processes are dependent upon the delivery of documents. Moving paper often creates a bottleneck that prevents the clearance of goods or the transfer of payment. The TTP provides a near-real-time environment for the exchange of trade information and documents. Companies no longer need to wait for the courier delivery of documents and can even request re-submission of documents while still meeting cut-off times. To ensure that documents are received according to business requirements, the TTP warns the sender if the receiver has not processed documents within a designated period of time. Logging As a neutral, trusted third party to a transaction, the TTP maintains a full log of all messages sent and received. These logs are securely maintained in the Bolero operations centre and are stored for up to three years. The logs include the digital signatures used in each message and can be used in the event of dispute. back |
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