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Blockchain technology is quietly transforming trade finance, a sector that supports over $30 trillion in global commerce annually. The XDC Network exemplifies how cautious, incremental adoption can address inefficiencies in this paper-heavy industry. Small and medium-sized enterprises (SMEs) stand to benefit the most from these innovations.
- Trade finance supports $30 trillion in global commerce but remains inefficient and exclusionary, especially for SMEs.
- The XDC Network demonstrates how blockchain can digitize trade documents and improve accessibility.
- Governments and institutions are increasingly considering blockchain to modernize trade finance infrastructure.
📎 Related coverage from: cointelegraph.com