Blockchain is the panacea to trade finances pain points. A type of distributed ledger technology (DLT), blockchain can be used to record the details of transactions, apply cryptography to the data and then distribute the updated ledger across the network for all to see
For this reason, it is the perfect solution for trade finance and supply chains because, much like complex supply chains themselves, the data isnt centralised
There isnt one clear or dominant owner who controls all elements, and information added to the blockchain must be validated by consensus.