WTO report: DLT improves transaction transparency and reduces costs

World Trade Organization (WTO) Senior Analyst Emmanuelle Ganne and Trade Finance Global's Deepesh Patel recently published a report entitled "Blockchain and DLT", which covers blockchain in finance, transportation, logistics, border procedures, and agriculture. Use cases in various fields. The report points out that DLT has three major benefits in the financial field: increased transparency, increased speed and efficiency, and reduced costs. The challenges facing DLT are technical issues such as "interoperability, standardization, legal concerns, and privacy."