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Blockchain Proof of Value in Trade Finance
Applications of blockchain technology can positively transform business processes where current state pain points exist between multiple market participants. For example, improving the business process of Trade Finance operations to support the movement of services, goods and capital, specifically for Standby Letter of Credit, could represent a paradigm shift to market participants. To validate this hypothesis, we conducted a blockchain-based Proof of Value (“PoV”) for SBLC with a technology partner.
What You’ll Learn
- The SBLC use case provides the foundational framework to scale toward more complex Trade Finance use cases and financial instruments.
- Blockchain is not appropriate to solve every business problem. Choose the right tool for the job.
- Our SBLC smart contract helps to promote cloud as a catalyst for facilitating immutable and secure data sharing, viewing, and process execution amongst multiple participants.
Grainne McNamara, Principal, Capital Markets
firstname.lastname@example.org | 646.471.5347
Grainne is a Principal in the PwC Capital Markets team, specializing in delivering large transformation programs at top tier banks. She is currently focused on leading blockchain solutions across financial services and on increasing productivity by effectively leveraging technology.
Daragh Morrissey, Strategist, Microsoft