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Blockchain Makes Inroads Into Banking

Banks are giving the nod to blockchain to aid in speeding trade finance, especially in Asia, where the government and industry associations have launched efforts. Elsewhere, South Korea is eying tax breaks to foster innovation in the sector.

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Banks Lack Faith In Tech Giants' Trade Finance Ambitions

With eCommerce conglomerates like Amazon reaching more businesses and introducing financing options, some analysts say tech giants are poised to disrupt the trade finance market. Yet, a new report from the Trade Advisory Network says banks are unperturbed, with expectations that an economic slowdown could lead some industry newcomers to pull out of the trade finance space.

The Limitations Of Tech In Supply Chain Digitization

Trade wars, cyberattacks, tightening regulations — they're all placing new pressures on global supply chains, and technologies like blockchain and artificial intelligence promise to provide the transformation that corporates are after. However, Kinaxis' Harish Iyer says throwing flashy technology at these challenges won't be the quick fix some firms expect. Instead, collaboration, investment in human capital and a clear definition of what brings value to a firm are key.

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