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June 2019Download PDF
AbstractBlockchain technology has steadily gained traction in the trade finance sector in recent years. Currently, trade finance is the most prominent use case for blockchain. This is in no small part because trade finance is a complex ecosystem made up of multiple stakeholders, which includes regulators, customs, ports, banks, shippers and corporates. This paper examines how blockchain enables the convergence of data from every part of the supply chain while reducing fraud risk and compliance costs.
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