Forget the paper trail — blockchain set to shake up trade finance

Forget the paper trail – blockchain set to shake up trade finance

Blockchain technology could radically shake up trade finance, one of the most archaic corners of the financial world, by reducing its reliance on paper documents. On average, a cross-border transaction requires the exchange of 36 documents and 240 copies, says Kerstin Braun, president of Stenn Group, which provides trade finance.