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Is a single global network or are multiple business networks the right structure for a distributed ledger ecosystem for trade finance? The answer will reduce uncertainty for market players and enable faster implementation of distributed ledger solutions. This paper considers the trade-offs between a single universal global network versus multiple business networks. For a universal global network to succeed, regulators would need to come to a consensus over legal and regulatory standards globally. In the specific context of Asia, multiple interoperable business networks more closely align with the existing diverse regulatory environment.
Alexander McMyn, Martin Sim
Read full article » https://www.r3.com/blog/2018/03/23/networks-in-trade-finance/
About | R3 |
R3 is an enterprise software firm working with over 100 banks, financial institutions, regulators, trade associations, professional services firms and technology companies to develop Corda, our distributed ledger platform designed specifically for financial services.