WTO blockchain report says customs remains ‘weak link’ of trade digitalization

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“According to the report, blockchain — also known as distributed ledger technology or DLT — has two main benefits from the perspective of international trade. First, it enhances transparency, supporting what the analysts also refer to as “track-and-trace” capacity, which is useful for ensuring products’ authenticity and thereby enhancing trust on the customer end.”

2020 The year when mass adoption begun.

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