Tag "trade finance"
WTO: Blockchain Holds Great Opportunities for International Trade But Challenges Remain
Blockchain is perceived by many as the next big game-changer in trade, promising to enhance the efficiency of processes and help trade move closer to becoming paperless. However, the challenges to overcome are equivalent to the opportunities offered by the
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Hong Kong Monetary Authority Unveils Blockchain Trade Finance Platform
Trade finance, where financial institutions provide credit facilities in order to guarantee exchange of goods, is a centuries old industry that is hampered by challenges such poor customer experience, increasing cost pressure and substantial regulatory burden. With its manual, cumbersome
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