Global Supply Chain Finance Forum issues payables finance guidance to drive further clarity on terms and techniques
The presidential transition period which lasts until 20 January will freeze talks on a UK-US trade deal Numbers of new confirmed Covid cases continued to rise in the US, Germany and Italy.
A commentary and foreword by ICC’s Secretary General John W.H. Denton AO and WTO’s Deputy Director-General Xiaozhun Yi, following the launch of WTO and TFG’s 2020 Blockchain for Trade publication.
Hong Kong, China. Trade Finance Global (TFG) and World Trade Organization (WTO) have today launched their updated Periodic Table of DLT Projects in Trade, at the Hong Kong Fintech Festival.
A recent 2020 study and supplementary Covid-19 survey by TFG and WTO reveals the biggest challenges facing DLT trade-related firms when it comes to implementation of their solutions within corporates and banks.
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).
Like iOS and Android, there are numerous different Distributed Ledger Technologies (DLTs), which are being used to digitise various areas of trade, trade finance and supply chains. Here we explore Corda, Hyperledger Fabric and Quorum – and yes, despite sounding like intergalactic starships, believe it or not, they’re disrupting trade finance right now.
Distributed Ledger Technology (DLT), colloquially termed ‘blockchain’ has been touted to disrupt trade and supply chain, as well it’s financing, for over 5 years. Following on from TFG, WTO and ICC’s ‘Periodic Table’ enlisting 39 projects in global trade utilising DLT, we’ve relaunched our table, indicating that the industry has considerably matured and evolved in less than 12 months.
