Title: NICKJOHN12 (1)
1Blockchain In Trade Finance
2Trade Finance
- Trade Finance has been studying the worldwide
trade and export finance markets, and the
definition of trade finance has evolved from a
simple letter of credit to highly complicated
mixed bond and debt ECA financings. - It exists to decrease or mitigate the risks
associated with international commerce
transactions. - A trade transaction involves two parties
- (1) an exporter who wants payment for
their goods or services - (2) an importer who wants to ensure
that they are paying for the right quality and
quantity of commodities.
3Types of Trade Finance Products
- Letter of credit
- Supply chain finance
- Structure trade and commodity finance
- Export and agency finance
- Trade credit and political risk insurance
4Blockchain in trade
- Blockchain enables data to be recorded in a
secure digital format by providing real-time
information on transactions between different
parties, be they corporations, supplier networks,
investment pools, or an international supply
chain.
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6Blockchain impact in Trade finance
- Automated payment methods provide merchants with
payment certainty - 2. Using trade asset tokenization to provide
buyers with delivery certainty. - 3. Mitigating risks and increasing financing
revenues for banks through payment instrument
digitization.
7What is blockchain financial technology?
- A blockchain enables people to send money to one
other without going via a bank or financial
services provider. Blockchain technology is
referred to as distributed ledger technology by
many in the financial services industry. Some
people believe that blockchain will be a more
dependable database than their current databases.
8BLOCKCHAIN EXAMPLES FOR FINANCIAL USE CASES
- Payments
- Remittances
- Payment gateway
- Trade Finance
- Improving record keeping
- Identity
9We Provide Other Services
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