part two
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For years, trade finance and cross-border payments have looked ripe for disruption by distributed-ledger technologies. Asia provides some firm examples of breakthroughs, but – in the second of a two-part series – Euromoney asks whether trade finance will always be just that little bit too complicated for the blockchain?
It is now roughly a year since most of us first heard of Covid-19. One year on, Asia is taking stock of the impact on cross-border trade, while the region’s bankers and corporates are digesting what they have learned along the way.
There are several lessons that are useful around the world: that resilience is just as important as efficiency; and that scraping every last dollar of savings is not as important as making sure you can continue to operate under stress.
