Summary
A report on how blockchain technology can modernize international trade, improve supply chain transparency, and reduce costs while addressing legal and data protection challenges. 10 13.12.2018
Other
trade
economy
environment
social policy
public administration
international relations
business and competition
information technology and data processing
Key points
- Blockchain technology offers massive potential to reduce global trade costs and increase the efficiency of supply chains.
- The technology can improve the transparency of goods, helping to ensure they are produced sustainably and ethically.
- Small and medium-sized enterprises (SMEs) could benefit from reduced paperwork and easier access to international markets.
- There is a significant legal challenge in making blockchain compatible with the right to have personal data erased.
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