Trade Finance: A New Day

February 8, 2024

There’s a lot wrong with global trade these days: war, protectionism, supply chain bottlenecks, and terrorism—and that’s before even considering climate change and the possibility of future pandemics.

But there’s also much that’s right: Emerging technologies like artificial intelligence (AI), blockchain, and the internet of things (IoT) are helping to optimize shipping routes and track deliveries in real time; while regulatory developments like the UK’s 2023 Electronic Trade Documents Act (ETDA) presage a new era in which digital bills of lading and invoices replace age-old paper documents.