With a globalization backlash clouding international trade, a technology such as blockchain could help advance world commerce. In this succinct and edifying account, Rebecca Liao makes a good case for blockchain’s applications to trade finance and its information flows. Although Liao may not be an objective observer – her business, Skuchain, sells blockchain technology to supply chains – her forward-looking report, which getAbstract recommends, will be useful to bankers and executives involved in global trade.
In this summary, you will learn
- What blockchain technology entails,
- What benefits it brings to global trade and
- How it can reduce the risks that inhibit global commerce.
About the Author
Rebecca Liao is vice president of business development and strategy at Skuchain, a firm that offers blockchain technology for supply chains.
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4 months agoHow great block-chain is, but all articles are skimpy on exactly how it is implemented; why multiple servers guarantee the integrity of the data? And, it still is an after-the-fact approach requiring humans to report accurately the latest step in the workflow.