KYG Trade is a vendor, country, and blockchain agnostic SaaS collaboration platform that marketplace. We allow importers, exporters, chambers of commerce, and tax and customs agencies to securely exchange sensitive product attribute data including bills of material for conducting research, and determining and auditing various tax, trade, and ESG attestations.

All physical and digital conferring events are immutably recorded to a trusted distributed ledger and can be permanently linked to off-chain supporting documentation for future audits.

The efficient exchange of information via the OriginBX OASIS product attribute open specification is expected to lower the cost of tax, trade and ESG compliance significantly. The KYG Trade Platform reduces the risk of invalid origin and other tax, trade, and ESG claims and penalties through several AI-assisted expert oracles. The oracles and determinations can be augmented by qualified trade attorneys, customs brokers, chambers of commerce, and other independent 3rd party experts via the KYG Trade Marketplace.

The Platform and Marketplace leverage blockchain technology, so recording origin, ESG, and other attestation event series can’t be altered once identified and hashed on an immutable distributed ledger. This feature eliminates the current trust-less certification state of play with a secure, highly compliant, transparent, data-rich trust-based process for both industry and regulators.

In addition, the KYG Trade Marketplace allows a global network of independent third-party experts specializing in complex rules of origin and other tax, trade, and ESG regulations to review supporting production data and attest that an exporter’s or importer’s attestation is accurate. The 3rd party expert’s findings are also immutably recorded via KYG Trade, providing an even higher level of trust.

No. Rather than replace or upgrade, KYG Trade extends the capabilities, features, and functions of existing legacy ERP, logistics, R&D, supply chain management, and global trade management systems via EDI or our API. We are blockchain agnostic and can extend the capabilities of various emerging track and trace provenance farm-to-table DLs.

The collection of a good’s attribute data and production process events are first analyzed by regulatory rules-based AI and ML expert systems (i.e., oracles). These oracles can either be your internal systems, KYG Trade proprietary oracles, or 3rd party oracles. In addition, the KYG Trade Marketplace consists of tax, trade, and ESG compliance experts who can assist with the review, determination, and final attestation process.

For example, when the required production data for an origin attestation is received from an external FTA software oracle, a certification of origin (CO) message is immutably recorded to KYG Trade’s registry representing a trusted digital equivalent of paper-based COs. As raw goods are transformed into intermediate goods, which are transformed into finished goods (i.e., downstream production), new KYGID™ messages are the progeny of the ancestor (upstream) messages and can be tracked via our distributed knowledge graph reporting.

The user/entity that records and links information to a KYGID™ is and forever will be the data owner. 3rd parties can only access your data if you provide them with a private cryptographic key.

KYG Trade, Inc. is a Delaware C Corporation and is privately owned (see About Us). The standards and specifications utilized to exchange product attribute information are open sourced via the OriginBX OASIS Standard Project.

Please see our pricing for more information. Some enterprise users may require the assistance of a Certified Channel Partner to implement KYG Trade for your organization.

Yes! KYG Trade SaaS can be used on a standalone basis and accessed via web browsers and mobile devices.

The KYG Trade Foundation’s mission is to facilitate trade, abolish forced labor, and increase the utilization of free trade agreements on a worldwide basis. The Foundation provides grants to SMEs and customs agencies located in developing and least developed countries. Our grants are designed to offset all or a portion of the cost to implement and use the KYG Trade platform. Click here to learn more.

Using a combination of Intel’s SGX silicone and Project Amber, zero-knowledge proof, Merkle trees, encrypted hashes, and off-chain document storage, field-level atomic attribute access to sensitive data (e.g., component prices in a Bill of Materials, supplier information, etc.) can be hidden from unauthorized parties. These anonymous privacy features allow owners of data to efficiently share product attribute information while keeping competitive trade secrets, margin, and sourcing information private from customers and competitors.

When a tax, customs, or other government regulatory authority requests information or commences an audit, the data owner can make the source documents supporting the attestation available directly. This data includes the off-chain source documentation that is referenceable by the good’s KYGID™, ownership information, and the knowledge that was embedded in the good’s event series that was immutably recorded to a distributed ledger.

Brand owners and manufacturers are constantly asked to repeatedly provide the same product information to their customers, suppliers, agents, and authorities via email and attachments. The data is required to determine and make various mandatory tax, trade, and ESG attestations to regulators to import or export their goods. Trade compliance costs an estimated 1% to 3% of COGS, or from $200 to $600 billion annually. 80% of the cost and time to determine and make attestations is spent gathering product attribute information such as bills of material, specifications, recipes, and production data. Many traders forego tax and duty benefit programs due to complex rules and record-keeping requirements.

The KYG Trade Platform and Marketplace simplify the exchange of product attribute information, eliminates redundancy, and streamline the attestation process. The result is a significant reduction in cost and penalty risk while increasing levels of compliance and utilization of preferential tax, tariff, and ESG benefits.

KYG Trade…The Know Your Goods Attestation Platform and Marketplace™ can be applied to any exported or imported good across all countries, sectors, and industries. The number of merchants requiring expert assistance to understand international tax, trade, and ESG regulations is increasing exponentially in step with the growth in small parcel cross-border trade. KYG Trade helps MNEs, SMEs, and tax and customs agencies manage the administrative burden, complexity, lack of transparency, and trust associated with tax, trade, and ESG compliance.

For example, KYG Trade supports compliance and certifications of origin for 231 countries covering 480+ free trade agreements, which contain over 700,000 product-specific rules of origin. $9.7 trillion in manufactured goods are traded under preferential agreements each year. Every importer that claims preferential tariff benefits requires certification of origin. KYG Trade streamlines and demystifies preferential origin utilization and compliance.