Open account, LC or BPO: where does blockchain fit in?
Thanks to technology, trade finance is undergoing a revolution. CT provides you with this map for blockchain’s trade finance applications.
Trade finance is one of the leading areas in which blockchain is making a breakthrough. While 85-90% of global trade today uses open account transactions and 10-15% is based on letters of credit (LC), both methods are being revolutionised by blockchain.
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