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GH/T 1303-2020 in English

GH/T 1303-2020 in English

VALID

Cotton electronic warehouse receiptgeneral requirements

  • Issued on:2020-12-07
  • Implemented on:2021-03-01
  • File Format:PDF
  • Delivery:Via email within 1~3 business days
Price(USD): $150.00
$146.00
Standard No: GH/T 1303-2020
Document status: VALID
Title in English: Cotton electronic warehouse receiptgeneral requirements
Title in Chinese: 棉花电子仓单 通用要求
Language: English
File Format: Electronic (PDF)
Delivery: Via email within 1~3 business days
Issued on: 2020-12-07
Implemented on: 2021-03-01
ICS Classification: 35.240.60-IT applications in transport and trade
Chinese Classification: A10-Commerce, Trade and Contract
Related Keywords: receipt electronic warehouse
electronic warehouse
electronic warehouse receipts
electronic warehouse receipt system
warehouse receipt online
Related Topics: cotton
Cotton Quality Requirements
warehouse receipt
GH 2
warehouse
gh/t
main uses of cotton
bin u3
cotton swab box
Electronic General
Feed cotton
insurance cotton
gh/t 1161

本标准规定了棉花电子仓单的术语和定义、基本要求、技术要求以及管理要求。
本标准适用于以棉花为货物品种的电子仓单。


Introduction

Interpretation of the core content of the standard

Comparison dimensions Paper warehouse receipt Electronic warehouse receipt
Legal effect Physical signature required Complies with the "Electronic Signature Law" GB/T 35285 standard
Anti-counterfeiting performance Easy to forge and alter 1024-bit RSA encryption + timestamp
Circulation efficiency 3-5 working days Real-time online operation

Key technical requirements

Clause 5.1.2 of the standard clearly requires that the electronic warehouse receipt system must implement the following:

  • Use the RSA public key encryption algorithm and the key length ≥1024-bit
  • Time stamp accuracy must reach millisecond level
  • It is recommended to obtain certification through a third-party CA organization

Implementation suggestions

Typical application scenario: warehouse receipt pledge financing

A cotton company in Xinjiang obtained a bank loan by pledging electronic warehouse receipts:

  1. Electronic warehouse receipts that comply with GH/T 1303 are generated after cotton is stored
  2. Ownership registration is completed on the National Cotton Trading Market platform
  3. The bank verifies the authenticity of the warehouse receipt online and then releases the loan
  4. The whole process time is shortened from the traditional 7 days to 8 hours

Analysis of Standard Evolution

The innovation of this standard is reflected in:

  • For the first time, the 9 essential elements
  • of cotton electronic warehouse receipts are clarified
  • Introducing the concept of blockchain timestamp technology (Clause 4.1.e)
  • Specifying a minimum 5-year storage period (Clause 6.6.3)

Sample only — not a preview of GH/T 1303-2020
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