Issue 20 . May 2019
This guide explores the potential of distributed ledger technology (DLT), commonly known as blockchain, in the trade finance industry. Since gaining significant attention in 2017, inspired by the cryptocurrency boom, numerous initiatives have aimed to harness DLT's capabilities across various sectors. Trade finance, in particular, stands to benefit from DLT due to its reliance on outdated technology and paper-based processes. The guide highlights how organisations of varying sizes are collaborating to explore and develop viable Proof-of-Concepts for DLT in trade finance. It also looks ahead to potential developments, offering insights into how these consortia might evolve and potentially revolutionise the industry.
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