Blockchain in Trade Finance Illustration
In this second part of the series, Andrew explains how platforms attempt to solve the challenges faced by trade finance and comments on the safety of these.
Overview
Blockchain can be used to make transactions between new parties making payments and communication easier. While there are many advantages, the disadvantages of blockchain include; hacking or lack of proper application.
Key learning objectives:
Overview an example of a blockchain transaction
Understand the limitations or risks of blockchain
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.
