Blockchain wants to be friends with your financial supply chain

thelightwriter

More on blockchain, the latest tech development that could potentially revolutionise the supply chain, in this argument, by digitising the $7trn of payables and receivables on company ledgers around the world. Due to the visibility offered by blockchain, it could largely do away with the manual processing of the letters of credit that underpin global trade. “Blockchain provides visibility across the entire financial supply chain from the first supplier through to the end customer. This not only reduces risk, it also amplifies fiscal liquidity across the chain for all participants, including small companies, banks and non-banks – so they can all participate safely in financing the chain with certainty.”