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Research finds blockchain could generate an extra $1 trillion in trade finance
UPDATED: September 13, 2018, 12:56PM EDT
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The World Economic Forum, in partnership with Bain & Company, released a research report on supply chain and trade finance. The report indicates that the deployment of blockchain technology could reduce the trade finance gap and facilitate close to $1 trillion of new trade volumes, globally. Furthermore, the research claims that blockchain technology will eliminate the inefficiencies in trade and supply chains such as: human error, high data exchange fees, and slow document verification. (Source: The World Economic Forum)
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