Beyond Fintech : Leveraging Blockchain for More Sustainable and Inclusive Supply Chains
One of the most noticeable and important developments of the advance of free trade over the last half century has been the emergence of global value chains. These production and supply networks cross multiple borders and connect advanced and emergi...
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| Format: | Brief |
| Language: | English |
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International Finance Corporation, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/585671507179758957/Beyond-Fintech-leveraging-blockchain-for-more-sustainable-and-inclusive-supply-chains http://hdl.handle.net/10986/30371 |
| Summary: | One of the most noticeable and important
developments of the advance of free trade over the last half
century has been the emergence of global value chains. These
production and supply networks cross multiple borders and
connect advanced and emerging economies. They are vehicles
that can deliver on many of the promises of globalization.
Yet operating them is complex and costly. Global trade since
the great recession has slowed, in part because of a lack of
transparency and interoperability within these networks.
Blockchain, a technology with unique abilities to record,
track, monitor, and exchange assets without need of an
intermediary, may be the solution to many of the logistical
and cost issues that plague the growth and operation of
global value chains, especially in the case of food,
agribusiness, and pharmaceuticals. It also has potential to
address issues of inclusion. |
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