The Brazilian arm of the International Chamber of Commerce and UNCTAD have signed an agreement to work together to harness the power of cutting edge technologies such as artificial intelligence and blockchain to enhance and improve trade.
The memorandum of understanding between ICC Brasil and UNCTAD formalizes their cooperation within the Intelligent Tech and Trade Initiative (ITTI). Deploying fast-emerging technology in the trade sector was a headline issue at UNCTAD’s E-Commerce Week in April.
Under the agreement, UNCTAD and ICC Brasil will cooperate in a range of capacity-building, training, research and analysis activities. “Specific issues include the application of artificial intelligence and blockchain on international trade operations, trade logistics, transactions and negotiations,” said Shamika Sirimanne, Director of UNCTAD’s Division on Technology and Logistics.
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