The growing role of blockchains in trade finance. The XDC Network offers a case study in cautious, incremental adoption.
Trade finance rarely makes headlines. But behind the scenes, it underpins over $30 trillion in annual global commerce. Still, the systems that power it remain paper-heavy, slow and exclusionary.
Small and medium-sized enterprises (SMEs) are still routinely denied financing due to fragmented infrastructure and therefore face barriers when participating in global commerce. In its latest report, Cointelegraph Research analyses increasing number of institutions and governments asking whether blockchain can offer a more efficient model. One notable project in this regard is the XDC Network.
