Advertisement
AD

Main navigation

Advertisement
AD

AP: Blockchain Could Boost Global Trade by $1.1 Trln in Eight Years

Advertisement
Mon, 22/10/2018 - 17:06
AP: Blockchain Could Boost Global Trade by $1.1 Trln in Eight Years
Cover image via U.Today
Read U.TODAY on
Google News

According to a recently published press release, Blockchain could propel the global trade volume by a staggering $1.1 trln. The digitalization of documentary trade finance remains at an impasse due to the absence of a standardized end-to-end solution. However, Blockchain technology has the potential to be an icebreaker.

A recent report concludes that Blockchain would allow more businesses to take part in international trade as many small companies and countries with developing trade infrastructure remain off-board.
Meanwhile, major banks will perform the role of “superconductors” that are supposed to bridge global businesses with the help of underlying Blockchain technology.

Earlier, Bank of America also published a study that shows tremendous benefits of implementing Blockchain for US tech giants.
 

Advertisement
A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD