New platforms for trade finance to be launched with blockchain backbones

New platforms for trade finance to be launched with blockchain backbones

By Pratik Kirve The launch of new trade finance platforms is gaining momentum across the world. Market players have been offering blockchain-based platforms for trade finance for gaining various benefits including transparency, traceability, and efficiency. The entire documentation related to shipments, factoring, and receivables can be analyzed without any threat posed related to data tampering and the threat of compromising passwords.