11:30 am Exploring How Blockchain Offers the Potential to Simplify Global Trade Finance
Blockchain is a business technology, its success is defined by being able to take a business-led approach to identifying a common problem to be solved, identifying blockchain as a potential solution, and leading out the implementation. This workshop will look at the specific business problems faced in global trade finance today – across the ecosystem (banks, corporates, shipping & logistics, insurers) – and marry the benefits of blockchain as established in session 1, to demonstrate why blockchain is such a powerful solution. This session will look at speeding up transaction time, improving ease of transaction, delivering authenticity of data. We will help you to envisage the future of global trade finance under the influence of blockchain technology. The session will end with an audience discussion with a focus on opportunity mapping.