Trade finance is going through a technological revolution. There are a handful of financial institutions attempting to incorporate Blockchain technology applications in the trade finance process. This way, banks can increase the cross-border financing to SME’s and bloom their businesses. The promise of the Blockchain is that it has the ability to streamline the trade finance process and that it has the potential to achieve full transparency in the supply chain. Still, there are challenges that need to be addressed.

In the positioning paper ‘Blockchain: The key to Trade Finance Challenges’, we discuss such challenges as well as how Blockchain’s implementation frameworks create solutions for trade finance. To support this, we use relevant case studies.