Keyword:Blockchain

brent flanders @ flickr.com brent flanders @ flickr.com

How Blockchain Technology Could Revolutionize International Trade
Is it time for trade to say goodbye to pen and paper and embrace the future?


While International trade has grown immensely over the past 20 years and exceeded USD 18 trillion in 2014, in many ways it is still dominated by old-fashioned paper-based methods rather than the latest technology. This can make trade very inefficient, expensive, slow and complex. The emergence of the blockchain technology and smart contracts promises to resolve the current problems and inefficiencies, bearing the potential to save global trade trillions of dollars. More ...