HSBC: Blockchain can pull trade into the digital age

Blockchain technology could revolutionise trade – making it cheaper, quicker and simpler for businesses to trade internationally.

From “letters of credit” to “bills of lading”, merchandise trade today is heavily reliant on paper documents. In our digital, connected world there is a growing need to modernise trade’s many paper-based processes. Digitisation would reduce bureaucracy, improve security, minimise errors and make it easier to amend documents, ultimately saving time and money.

Discover the HSBC article here.