Blockchain is not the panacea in business and banking

Trust is hard to develop and can be lost in the blink of an eye. Without it, many business and finance relationships become prohibitively costly. Now blockchain and other new distributed ledger technologies (DLT) are proposing to reduce or even eliminate the need for trust. We argue in this short article series that to be valuable to customers, such projects cannot ignore the tremendous efficiency gained from trust in many situations.

In follow-up articles, we discuss the findings of the Imperial College London MSc consulting team 1. Their study revealed a very much nascent sector with projects of wildly differing levels of maturity. In another article, we look at LakeBanker, a project we are delighted to be advising. Their team is engaged in an ambitious approach to make better use of trust and data in finance with their flavour of Crowd Banking.

Containers Blocks in a Chain

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  1. See our blog post from July

Simplify the export journey to support our small businesses

conveyors export small business

EXPORTING will narrow our dangerously high trade gapthat’s the mantra. The UK Secretary of State for International Trade has admitted that the government’s goal to double exports to £1T by 2020 is going to be missed.

One reason for this is that smaller businesses do not have the tools, processes and resource necessary to trade compliantly and ultimately profitably – some only see risks in exploring outside their home market. Every international order in a new or existing market with a customer requires compliance to customs requirements, export controls, anti-fraud measures, 3rd party screening, etc.

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A milestone for smaller businesses at the WTO

Entering into force today, the WTO’s Trade Facilitation Agreement is one to watch.

The ICC says ” – the first multilateral trade agreement to enter into force in over two decades – aims to make trade easier and simpler by cutting red-tape at borders.”

“Governments must work without delay to implement the provisions of the TFA working hand-in-hand with local businesses to identify key bottlenecks to trade across national borders.”, John Danilovich, ICC Secretary General

See the full article here: http://bit.ly/2lv8RKq

 

 

Increase international sales to the EU before Brexit happens

Selling into Europe presents an even greater opportunity for those who are well-prepared.

You and your customers may be asking about future processes and costs. Will technical and safety standards remain exactly the same? What will the new duties and tariffs be? Will EORI requirements change? How much will inward and outward processing reliefs compensate for loss of free circulation benefits? What about VAT payment and reporting? Continue reading “Increase international sales to the EU before Brexit happens”

Wrexit – which Brexit model?

In our previous blog we supported the Remain argument. Uncertainty of exit will not be clarified for many months if not years. Smaller organisations will be disproportionately affected by uncertainty as effects spread through the economy.

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Brexit – stay or go?

As a small business assisting other small businesses exporting we are often asked our position on the EU referendum. This is a staggeringly broad subject – and we confine our view purely to the process of export order fulfilment.

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