Breaking the trade barriers: is the decentralisation of trade finance inevitable?
The trade landscape is quickly evolving into an industry that is both digitised and decentralised. Removing trade barriers is key to fueling economic growth, and this is further driven through collaboration between a healthy ecosystem of trade participants: the creation of decentralized networks.
This panel will discuss how new technologies, like cloud, blockchain and APIs, provide the ability to move trade data and assets seamlessly between networks, systems, and applications, without the need for a central party or intermediary, something that is not possible today.
Can technology deconstruct and reinvent at the industry rather than firm level?
With these changing dynamics, will we see a new model emerge that challenges the existing approach to governance in trade?
Is the rise of decentralized trade platforms, such as Marco Polo, enabling the industry’s future?
Will the network allow for an agnostic approach to both technology and infrastructure? How will banks interact with their customers in a distributed trade ecosystem?