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Video transcript

Blockchain

Blockchain is affordable, secure and easy to use…

It’s also helping transform global trade. Traditionally, a paper Bill of Lading had to be couriered around the world to all relevant parties. Suppliers, buyers, banks and insurers all had to receive the Bill of Lading one by one.

Blockchain removes the need for physical documentation, instantly connecting all members of the trading supply chain. The decentralised nature of this technology can help decrease transaction times from days to only a few hours.

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