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NEW RESEARCH BRIEF ​
Blockchain in Trade Finance:
​
Breakthroughs on the Horizon ​ 
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Blockchain in Trade Finance: 
​
Breakthroughs on the Horizon

Chain Business Insights’ new 35-page research brief “Blockchain in Trade Finance: Breakthroughs on the Horizon“ explains the evolution of trade finance methods to date and the potential for blockchain applications. The Brief also provides a summary of current development projects and a recent market survey conducted with industry professionals to measure blockchain technology adoption. 

​Enterprises are close to realizing potential benefits of the technology, survey shows

Nearly 45% of survey respondents were either planning or working on a proof-of-concept (POC) or pilot project in the trade finance area, and over one-quarter expected to investigate blockchain for this use case in 2018. Respondents were primarily involved in POCs (45%), but a significant percentage had moved to the pilot stage (31%).
 
Lowering processing costs, familiarization with the technology and improving process transparency were the top benefits cited by respondents, although more than half cited faster payment processing and enhancing trust as important benefits. On average, respondents anticipate a reduction in transaction processing times of some 41%, as well as significant reductions in costs – including lower inventory costs owing to more efficient trade finance processes.

**Please note all research is copyright and password protected. An email will be sent within 24 hours of purchase containing your password to access your copy of the research brief. ​
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  • Home
    • About Us >
      • Ken Cottrill
      • Sherree DeCovny
      • Pete Harris
      • Jen Massing Harris
    • Our Services
  • Our Research
    • Custom Research
    • Smart Contracts in Supply Chain
    • Blockchain and the Future of Food
    • Blockchain in Trade Finance
    • Surveys
    • eBook Series >
      • Purchase eBook
  • Insights Blog
    • Chain Reactions Podcast
    • Industry Insights
  • In the News
    • Our News
  • Our Clients
  • Contact