Trade underpins the evolution of mankind, and with trade comes trust, and with trust comes third parties. Moving forward from IOUs and promises written on clay tablets thousands of years ago, to today’s interconnected world of trade, I want to question how far the industry has really gotten to, in terms of innovation and true digitalisation.
Geneva, 2nd December 2019. Today, at the WTO’s ‘Global Trade and Blockchain Forum’, ICC, TFG and WTO released a white paper combining over 200 responses from banks, corporates, fintechs and associations in the trade sector, as well as over 20 consortia, on the broader impact that distributed ledger technology (DLT) is having on the trade industry.
While discussing the many opportunities that DLT has may inspire dreams of an Arcadian future, it is crucial to take a step away from utopia and understand the real problems… read more →
HaloTrade Halotrade is a blockchain-enabled fintech startup focused on the delivery of sustainable supply chain financing. Founded to help curb the issue of disengagement in supply chains, Halotrade creates a… read more →
Open Account financing is going through a period of rapid change, thanks to digital innovation and competition. Recognised as a safe and flexible way for financing the real economy, we caught up with Erik Timmermans, founder of WOA, and John Brehcist, at their annual convention, to discuss the hottest topics in receivables finance.
We caught up with the President of the Bankers Association for Finance and Trade (BAFT). We talked about the balance of human capital and technology in the international transaction banking, about the amendments of the funded master risk participation agreement and how trade-based money laundering can be eradicated.
We caught up with the Head of Trade Finance at Asian Development Bank, Steve Beck. We talked about the newly published Trade Finance Gaps, Growth, and Jobs Survey.
Geneva based blockchain software provider komgo SA has announced that it has taken a number of steps towards achieving its mission of catalyzing the world’s commodity trade network, with almost a billion USD of financing channeled by members of the network.