Today in this episode, we explore the problems and inefficiencies within the trade finance industry, as well as the benefits and solutions blockchain, provides.

By applying Blockchain technology to trade finance, new emergent players like SimpIify Softech Pvt. Ltd. has been able to reduce the complexity and eliminating paper-based work with their first blockchain-enabled International Trade Finance platform called S I M B A. The solution helps in converting non-digitized International Trade documents into machine-readable format through Optical Character Recognition (OCR), which also identifies and classify trade document types.

Link's mentioned in today's episode:

Simply Softech India Pvt. Ltd.

Benefits of Blockchain in Trade Finance

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Properties of Blockchain

SimplyFI Tech PodcastBy ShlokaMay 22, 2020