Research: Blockchain can fill the $1.5 trillion supply and demand gap in global trade finance

According to the China Trade News, a new study jointly released by the World Economic Forum and Bain recently said that the blockchain can fill 1.5 trillion US dollars of supply and demand in global trade financing by reducing the financing of small and medium-sized enterprises (SMEs) in emerging markets. gap. Sun Jianbo, general manager of China Construction Bank's international business department, said that more and more banks and Internet companies and participants in the real economy are using new technologies for financing, or supply chain financing. China Construction Bank used the blockchain to create a trade blockchain platform. At the end of last year, the amount of trade financing on this platform exceeded 200 billion yuan.