The future of trade finance in the international market: a blockchain perspective

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This thesis explores the potential impact of blockchain technology on the trade finance industry. Firstly, I critically evaluate the current trade finance industry and raises a number of concerns with the current model. Whereafter I evaluate how the introduction of blockchain technology can improve the current trade finance model, while also noting some of the challenges the new technology will have to overcome in order for full scale implementation to take effect. The paper also explores and addresses the legal and regulatory concerns regarding the implementation of blockchain technology. Finally, this thesis concludes the need for a flexible regulatory framework and international co-operation in order for the trade finance industry to truly reap the rewards that blockchain technology has to offer.

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trade finance, blockchain
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