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Data Security & Confidentiality Issues addressed!

TradeDoX 360 Pro software is installed and resides in your computer system. The company data is also stored, controlled and managed locally in your computer system. Some software vendors provide the software through an Internet connection and your company data is stored on their Internet server.

The TradeDoX 360 software is controlled and managed by you and you alone. No one has access to your company data, except you and the ones you have authorized. This makes the operation of the TradeDoX 360 software faster and more secure.

 

Secure transmission and Non-repudiation /document Security:

The collaboration files are highly secured as TradeDoX generates those using AES also known as Rijndael Cryptography adopted as an encryption standard by the US Government.

In cryptography, the Advanced Encryption Standard (AES) is a symmetric-key encryption standard adopted by the U.S. government. The standard comprises three block ciphers, AES-128, AES-192 and AES-256, adopted from a larger collection originally published as Rijndael. Each of these ciphers has a 128-bit block size, with key sizes of 128, 192 and 256 bits, respectively. The AES ciphers have been analyzed extensively and are now used worldwide, as was the case with its predecessor, the Data Encryption Standard (DES).

AES was announced by National Institute of Standards and Technology (NIST) as U.S. FIPS PUB 197 (FIPS 197) on November 26, 2001 after a 5-year standardization process in which fifteen competing designs were presented and evaluated before Rijndael was selected as the most suitable (see Advanced Encryption Standard process for more details). It became effective as a Federal government standard on May 26, 2002 after approval by the Secretary of Commerce. It is available in many different encryption packages. AES is the first publicly accessible and open cipher approved by the NSA for top secret information (see Security of AES).

 

 

 

 

 

 

 

 
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 Challenges
Letters of credit are one of the most preferred payment and financing mechanisms for international trade. The security and risk mitigation provided through Letters of Credit make them indispensable in international cross-border transactions. However, statistics prove that 60% to 80% of the documents presented to banks do not comply with the L/C and contain errors thereby delaying payments or refusal by the negotiating bank altogether....
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 Security

Data Security & Confidentiality Issues addressed!

TradeDoX 360 Pro software is installed and resides in your computer system. The company data is also stored, controlled and managed locally in your computer system...
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