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.
The age old problem of document digitization in trade has probably been around since goods were traded using stone tablets in the Mesopotamian era. So who’s making a dent using blockchain / distributed ledger technology? From the updated WTO / TFG periodic table of projects in trade, we reveal 12 projects tackling this head on.
Trade finance has been undergoing a digital revolution for decades. But the advancement of new technologies such as blockchain and distributed ledger technologies (DLT) have accelerated this. A recent 2020 study by TFG and WTO shows 12 initiatives using DLT in trade finance (both open account and documentary trade).
Contour has, today, announced its partnership with CargoX, a blockchain platform for transferring documents and data including a certified electronic bill of lading solution.
Bitpanda’s tech research project: Pantos will be implemented on RBI Coin, an e-money solution for inter-bank and inter-company payments. After 2.5 years of research and development, Bitpanda’s Pantos (PAN) tech… read more →
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
Trade Finance Global (TFG), the leading trade finance fintech, has been selected to join the Mayor of London’s scaleup programme.
SME Business Climate dropped by 18.8 to 54.6 points and recovery is subdue Brussels, 12/10/2020 – The latest EU SME Barometer presented today shows an unprecedented drop in the Business… read more →
Global growth looks set to rebound sharply following the record contractions in the second quarter of 2020, said S&P Global Ratings.
Banks and government bodies rally together to mitigate trade finance fraud with Trade Finance Registry
