Blockchain Technology & International Trade

International trading involves many participants all around the globe including high value #Payments or funds transfer. These participants may not necessarily have the needed trust of all parties, especially at the initial stages, when newcomers join the trade. Blockchain-(For global logistics) can provide the needed trust to capture key transaction activities as immutable records, as well as storing and sharing encrypted legal and financial documents.

Visibility of #transaction records and documents are tightly controlled by blockchain, permitting sharing only among entrusted and allowed parties.

Im using an IBM #demo to explain how blockchain may support such an application.

This video details how it works.

Comments
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    • admin admin

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