Like iOS and Android, there are numerous different Distributed Ledger Technologies (DLTs), which are being used to digitise various areas of trade, trade finance and supply chains. Here we explore Corda, Hyperledger Fabric and Quorum – and yes, despite sounding like intergalactic starships, believe it or not, they’re disrupting trade finance right now.
A crucial step towards end-to-end trade digitalization is creating an ecosystem that allows for seamless exchanges of data between existing platforms. A recent study from the WTO and TFG highlights 19 initiatives and the recent developments which are working towards digital standards for trade.
Freight forwarding, shipping and logistics are undergoing a digital makeover. Connecting the dots, enabling traceability and increasing transparency between parties is a win-win for all actors within global trade. So who’s doing what? As part of TFG & WTOs 2020 Blockchain for Trade study, 7 initiatives in this supply chain space have been mapped.
Trade and trade finance remains siloed, age-old and complex. Many are using DLT and blockchain to progress towards their goals of a digitized industry. TFG & WTO recently published their periodic table of DLT projects in trade, and here are 9 marketplaces and other initiatives addressing various opportunities in truly digital trade.
Prime Minister Boris Johnson has announced a second national lockdown for England as the country looks to bring down the rate of coronavirus infections.
The OECD predicted that globally, immigration will fall 46% this year due to COVID-19 restrictions and economic weakness.
With rising new cases and tighter social distancing restrictions, the strong summer recovery is likely to fade into an uncertain and weak autumn.
TFG’s Deepesh Patel caught up with FCI’s Chairman, Mr. Patrick de Villepin, and FCI Vice Chairman, Mrs. Daniela Bonzanini, on the critical role of Receivables finance industry in the recovery of global trade growth during this challenging period.
How can SME Climate Hub create an ecosystem to enable SMEs to leverage climate action as a powerful means of increasing their competitive advantage and help in accelerating the race to a net-zero future?
This is not the time to be imposing trade sanctions, it is the time to be lifting trade restrictions and easing tariffs on essential goods. – Simon Paris
Ian Sayers, ITCs Senior Adviser for Access to Financing takes a closer look and explains how they may support ITCs work to improve conditions for the continent’s MSMEs.
The UK economy grew by 2.1% in August. The slower growth leaves UK activity 9.2% below its level in February.
Global growth looks set to rebound sharply following the record contractions in the second quarter of 2020, said S&P Global Ratings.
As the resurgence of Covid-19 threatens public health, virtual shopping poses a lower health risk which is likely to appeal to customers.
