New technology such as the development on distributed ledger technology has created great opportunities for innovations in different industries. Blockchain can revolutionize trade finance addressing the key challenges that in today’s market and the antiquated methods of sharing and storing data.

AIG, by partnering with TradeIX and our clients, hope to differentiate their solutions by being driven by corporate and bank client needs rather than being driven by the technology itself, so their blockchain innovations are intrinsically optimising real trade finance and insurance requirements to drive scale and efficiency,” said Marilyn Blattner-Hoyle, Head of Supply Chain and Trade Finance AIG Europe Limited.

Source: BCR Publishing