The Emergence of Digital International Trade/Investment Documents Through Blockchain
Douglas Cohen
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Douglas Cohen
Director General, Global Trade & Transactions, Worldwide Trade and Legal Association USA China EU North America India
We are witnessing the emergence of digital international trade/investment documentation through Blockchain. Finally.
What is Blockchain? Most think of cyber-currencies. Rather, Blockchain has far greater implications for international traders and investors.
For instance, Blockchain serves as a decentralized information ledger that records international transactions as encrypted blocks of numbers. Blockchains are maintained and updated simultaneously by multiple parties, offering a secure - in theory - and low cost manner of providing authentication.
Sound interesting? Indeed. For further information or advice, you may contact me here at LinkedIn.
Category Manager at Freeport-McMoRan
6 年Very interesting stuff. I was at a conference in Tampa regarding letters of credit and they briefly touched on this technology. It will be interesting to see where it takes us!
Director General, Global Trade & Transactions, Worldwide Trade and Legal Association USA China EU North America India
6 年Wonderful comment from Hassan Bey - great attorney in Istanbul. Thanks
Attorney at Law
6 年Besides the blockchain will be able to prevent mostly to violate of the sanctions... Or at least it will be able to ease in a quite big measure to be detect of the violations anymore...