DeFi, short for Decentralized Finance and also referred to as ‘Open Finance’, is a set of DLT-based financial services and applications intended to augment or replace the currently existing financial system (comparatively referred to as ‘Centralized Finance’).
TFG’s Carter Hoffman explores the current and potential impact of COVID-19 on both international trade and trade finance. Business as unusual, the decisions we make now will have long lasting impacts.
As we enter into a new decade, TFG spoke to trade experts to give their bets and views for 2020 in terms of trade and supply chain finance. OCR or ML? AI or DLT? Buzzwords and hype or reality?
Looking forward it is clear to tell that this is an exciting time for DLT in the trade industry; a time ripe with opportunities. According to the industry experts, the… read more →
When dealing with the uncertainty of the shipping industry, insurance is a must. To help simplify and digitize the insurance process for the international trade industry, some initiatives have turned… read more →
Trade finance is crucial for trading activities. According to WTO estimates, up to 80 per cent of trade is financed by some form of financing. Yet, securing trade finance can… read more →
Letter of Credit Trade finance as a whole had been struggling to traverse the divide into the digital age until it got a boost from blockchain technology. The Letter of… read more →
The Asian Development Bank (ADB) has released the results of the 2019 rendition of their annual Trade Finance Gaps, Growth, and Jobs Survey. ADB’s vast network of respondents includes 112 banks from 47 countries, 53 export credit agencies from 17 countries, 39 forfaiters from 20 countries, and 336 other firms from 68 different countries around the globe.
Global law practice Eversheds Sutherland appointed as legal counsel for blockchain trade platform eTradeConnect to help the consortia tackle legal challenges related to the use of blockchain in trade finance.
IBM has partnered with Chainyard to launch a new blockchain network geared towards improving supplier qualification, validation, onboarding, and information management.
Flexport’s unique visibility into client shipments down to the SKU level through its digital platform provides them with a unique perspective on risk relative to banks offering financing. This insight… read more →
Reports find that there are extensive ties between british billionaire Sanjeev Gupta’s acquired bank, Wyelands and his family’s wider business empire, the GFG Alliance. This strong link is raising questions over how the bank is appropriating savers’ deposits.
As the UK prepares to leave the EU, significant efforts have needed to be made to prepare the government to negotiate for their own Free Trade Agreements. Is the UK ready for such a challenge?
International Trade Secretary Liam Fox seeks to invest in the UK’s trading future by launching the International Trade Development Program.
