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WEF presents 3 digital trends

THE World Economic Forum (WEF) recently said in a report that the pandemic has unveiled the power of digital technology to make global trade smoother and safer, and three emerging digital systems and tools are seen to help unlock the huge opportunities offered by digital trade.

The first one is a 'digital ID system' where instead of using paper documents like passports and driving licenses, they can verify identities remotely over digital channels. They can also be used to authenticate not just users electronically, but physical and digital objects as well so products can be tracked all the way from raw material to shelf.