How Blockchain Can Simplify Trade Finance in India
Some of the biggest benefactors of this shift in technology are digital trade finance companies in India that are attempting wider outreach to small and mid-sized businesses as trust and security take center-stage.
TraceabilityAny importer or exporter on a trade finance network deals with multiple retailers or suppliers.
Improved Regulatory ComplianceRegulators are given access to the real-time tracked trade transaction, hence ensuring complete transparency to ensure speedier approvals.
At any point, any transaction can be reopened digitally in the easiest manner possible, making blockchain desirable for trade finance companies.
The simplicity of processes offered by trade finance via a digital network and the precision that the blockchain system brings to the table are a winning combination.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
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