Traces (trade control and expert system) ensures the exchange of information between all parties involved in the food supply chain and monitoring bodies from 80 countries Pexels

Traces (trade control and expert system) ensures the exchange of information between all parties involved in the food supply chain and monitoring bodies from 80 countries Pexels

The contract means Luxtrust will be responsible for providing services which verify users of the digitalised certification process related to the import of animals, semen and embryo, food, feed and plants.

The system, dubbed Traces (trade control and expert system), ensures the exchange of information between all involved parties and monitoring bodies from 80 countries. Luxtrust will provide services for the recognition of electronic signatures making the sanitary certification process paperless and fully compliant.

2017 financial results

On Tuesday, Luxtrust also announced a 10% increase in its annual turnover for 2017 at €10.7 million, up from €10 million in 2016. The firm, which employs 50 staff, won several international contracts in 2017, in addition to the Traces deal.

Further changes are afoot in 2018, with the planned roll out in May of a new mobile phone application, a signature platform for individuals and companies and new management confidence services related to the transfer of personal data within the framework of GDPR.