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Core Insights - The launch of a comprehensive online registration service based on cross-border digital trust between Shanghai and Singapore aims to streamline the business process for Singaporean companies investing in Shanghai, reducing time and costs associated with paper notarization [1][2] - The initiative is part of a broader effort to enhance cross-border identity verification and document authentication, thereby facilitating international cooperation and investment flows between the two regions [1] Group 1 - The new service will allow Singaporean enterprises to complete foreign investment registration in Shanghai without submitting paper notarized documents, addressing long-standing issues related to the authenticity and validity of notarized documents [1] - The Shanghai Data Bureau, in collaboration with various Singaporean agencies, has developed a cross-border digital trust service platform to improve the efficiency, security, and reliability of cross-border identity verification [1] - A pilot program utilizing Distributed Identity Technology (DID) and Verifiable Credentials (VC) has been launched to test the online registration process for Singaporean investors [1] Group 2 - Future plans include promoting the "going out" of services for enterprises, providing convenient online registration for Chinese companies in Singapore, and expanding cooperation scenarios between Shanghai and Singapore [2] - The Shanghai government aims to continuously enhance the cross-border digital identity interoperability platform and explore blockchain-based models for identity verification, improving services for foreign individuals and enterprises [2]