The Blockchain Revolution In Cross-Border Transactions (Forbes)
The Blockchain Revolution In Cross-Border Transactions (Forbes)
A digital identity for businesses in the global context has the ability to save time and other resources.
Blockchain technology can help companies, involved in international trade, overcome real challenges by making several time and resources consuming processes easier:
Two of the biggest challenges in international trade are the ability to authenticate or verify the identity of international parties across the trade transaction lifecycle and and the ability for parties to establish trust in various steps of the international trade transaction. The characteristics of the blockchain, specifically immutability and transparency create a unique opportunity to leverage digital identities for companies in cross-border transactions. What are then the reasons why the technology hasn't achieved widespread adoption yet?
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Funny to see the downvotes but no comments...