Press Release: Blockchain, global trade and supply chain finance – who will own the marketplaces?

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Blockchain, global trade and supply chain finance – who will own the marketplaces?  Banks, large multinationals, governments or others?

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Parkway Logic is pleased to announce that we are working closely with Imperial College Business School students to analyse what is really happening in this space. The students from Imperial, who are studying MSc Economics & Strategy for Business, are providing a consultancy service as part of their Consulting Project. The two month engagement will look at the impact that blockchain is having on SME international trade and finance, both now and in the medium term.

Trade and supply chain finance plus blockchain are being positioned as potentially explosive areas of innovation. As we near the top of hype cycle – banks are increasing their experimentation of this technology for their specific needs, but what state are the commercial offerings? Where are the major marketplaces of international B2B trading like Amazon and Alibaba?

What can blockchain do that existing technologies cannot already do, and do people really need it?

Long established methods for international trade like letters of credit understandably receive the blockchain treatment – elimination of settlement risk and tracking two key functions. Though smaller businesses use these less – where should we be focussing our collective efforts to support these traders?

We are seeing increasing numbers of startups creating cross functional and single use case solutions based on a variety of blockchain technology and principles, like KYC and IoT, whilst major technology players are hedging their bets as to where they will want to be in the value chain. Many initiatives will fail – as a provider of export services with an interest in multiple cases where/who should we look to work with?

We seek answers to these questions and are excited to work with Imperial College Business School students to develop a compelling thought piece and assist with developing our own cross border platform Exabler.com.

For more information about our study please on contact us via email at info@parkwaylogic.com or phone on 0208 144 0098.

About Exabler™ (www.exabler.com)

Our proprietary tool gives directional guidance to help you fully cost single export deals to key destinations and eases the challenges of your journey. We broker specialist services to help you price and execute your deal.  From insuring against credit risk to following documentary processes, Exabler will have you covered.

About Parkway Logic (www.parkwaylogic.com)

At Parkway Logic we seek new solutions to legacy challenges in international trade, providing actionable insight, automation and connected solutions to smaller exporters who are starting out or established.  Whether you are exploring the market, negotiating contracts, navigating the export process or just looking to be better at exporting, we can guide you or even relieve the load. Through technology, process and supplier selection our aim is to improve the bankability of your business.

About Imperial College Business School (www.imperial.ac.uk/business-school)

Situated in the heart of cultural London, Imperial College Business School is part of a global top-ten university and among just one per cent of business schools worldwide to be triple-accredited. Our MBA and MSc programmes are informed by cutting-edge research and taught by world-class faculty, and inspire the best minds to become future business leaders.

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