Blockchain - everyone is talking about it. You hear about it all over the news and probably in your workplace and social circles too, but what is it exactly and how can it be used for global trade management?
While blockchain is still a developing technology, there is promise for its application in the supply chain. This white paper explores how blockchain could:
Assist with regulatory compliance and product testing
Serve as a solution for activities like placing a purchase order, cutting a bill of lading, or negotiating a letter of credit
Potentially be used for a combination of development, licensing, and/or transactional fees
Enhance transactional integrity, augment financial auditing, and improve operational effectiveness