Introduction to Blockchain in Trade Finance
Blockchain can be applicable to solving real world problems, specifically in trade finance. In the first part of this two part series, Andrew provides an introduction to blockchain in trade finance and explains how it can be used to address certain challenges.
Overview
Blockchain is a data structure that stores transactions in a highly secure fashion. Trade finance suffers from the problems of being slow, costly and highly confidential; all problems which blockchain could easily solve.
Key learning objectives:
Define blockchain and trade finance
Understand the issues with trade finance and how blockchain can solve them
Summary
Expert
Andrew English
Andrew spent nearly ten years in banking, eight of which within Commodities and Structured Trade Finance. He has spent the last couple of years engaging in the world of blockchain, most recently at a blockchain FinTech company.
