Trade Finance: Fin-tech as an Agile BoosterTrade Finance: Fin-tech as an Agile Booster

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Trade Finance

Disrupting Fintechs are paving many ways to give newer and momentous trade finance solutions for agile “banking-logistic” preposition befitted in current global sailing goods and cross broader regulatory paperwork’s and well paralleled by funds movement with secured and technologically driven financial transaction platform.

Trade finance the $10 trillion dollar buttresses which uphold the $18 trillion trade market. Historically speaking, banks have been the ideal facilitators for international trade, providing payment channels and financing both buyers and sellers, but recent developments are putting pressure on traditional systems and forcing even the most sophisticated of legacy players to look for new solutions.

Though traditional methods continue to function, events show them to be gradually diminishing in efficiency, creating a chasm of unmet demand which is reported to be around $1.5 trillion.

From quick, immediate updates to long-term applications which require sustained research, reliance on antiquated manual processes and digitizing key trade documents, like Letters of Credit (LOCs), to reduce cost and improve efficiency. Others are looking to replace the process altogether with longer term applications of distributed ledger technologies (DLTs).

Trade financing, where financial institutions provide credit facilities in order to guarantee exchange of goods, is a centuries old industry that hasn’t seen much change with the growth of global trade flows. Trade Finance can operate leveraging a Block chain based infrastructure to drive efficiencies, reduce cost base and open up new revenue opportunities, like newer models of credit and funding guarantees backing the trade.

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TRON Announces New Decentralized Peer-to-Peer Storage SystemTRON Announces New Decentralized Peer-to-Peer Storage System

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TRON, a leading blockchain platform, announced it plans to incorporate decentralized storage as another blockchain solution into the BitTorrent ecosystem.

“BTFS IS A CONTINUING STEP IN OUR MISSION TO CREATE A DECENTRALIZED INTERNET THAT ALLOWS EVERYONE TO SHARE IN THE WEALTH OF WEB COMMERCE,” SAID JUSTIN SUN, FOUNDER OF TRON AND CEO OF BITTORRENT.

“WE’RE CREATING A PLATFORM WITH BTFS, BITTORRENT SPEED BLOCKCHAIN INTEGRATION AND THE BTT UTILITY TOKEN TO LET USERS QUICKLY AND PRIVATELY INTERACT WITH EACH OTHER AROUND THE WORLD WITHOUT A MIDDLEMAN OR GOVERNMENT INTERVENTION.”

— Read on blockchaindaily.news/tron-announces-new-decentralized-peer-to-peer-storage-system/


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