Blockchain can transform the supply chain.
By using blockchain, small- and medium-size businesses (SMEs) around the world can obtain $1 trillion in trade financing, according to Sept. 13 whitepaper by World Economic Forum and consulting firm Bain & Co. The technology can be especially important in providing capital and improving efficiency in emerging countries — which often lack banking infrastructure and digital processes.
The authors of “Trade Tech – A New Age for Trade and Supply Chain Finance” point to red tape and excessive documentation as stifling international trade, especially in regions like Asia and Africa.
Source: CryptoDaily.co.uk
Original Post: Trillion Boost In Trade Finance Via Blockchain: World Economic Forum
