2018-7-3 13:56 |
Even if blockchain fatigue may have set in among bankers, there’s at least one use case they’re still clearly excited about: trade finance.
But one refreshing aspect of a largely paper-based system like trade finance is that there’s less in the way of creaking architecture.
“Blockchain is good for areas that have resisted digitization,” said Xavier Laurent, the head of blockchain community at the French financial institution Credit Agricole.
Laurent said that while trade finance is global, some governments slow things down and are stuck in the paper trail.
Others talked about the possibilities for tokenization – one aspect of blockchain that enterprises have only recently begun to embrace – in trade finance.