blockchain and sme financing - global trade€¦ · trade finance - cost reductions and less...
TRANSCRIPT
BLOCKCHAIN AND SME FINANCING
Emmanuelle Ganne, Senior Analyst, WTO
Author of the book “Can Blockchain Revolutionize International Trade?” (2018)
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I. QUICK INTRO TO BLOCKCHAIN
BitcoinBlockchain
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Blockchain
Amy sends an asset to Bob
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DECENTRALIZED AND DISTRIBUTED
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DIFFERENT TECHNOLOGIESBLOCKCHAIN VS DISTRIBUTED LEDGER TECHNOLOGIES
vs
vs
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Source: Hileman, Garrick and Michel Rauchs. 2017. “Global Blockchain Benchmarking Study.” Cambridge Centre for Alternative Finance.
DIFFERENT TYPES OF BLOCKCHAINS
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DIFFERENT DEGREES OF DECENTRALIZATION
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DIFFERENT CHARACTERISTICS
Based on November 2017 data. Source: Ohnesorge (2018)
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KEY FEATURES
Automation
Time-stamping
Peer-to-peer
Transfer of
assets
Greater security
Smart contracts
TRACEABILITY
TRUST
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II. A GAME CHANGER FOR SME FINANCING?
- Opens new P2P financing opportunities
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Trade finance
- Cost reductions and less burdensome procedures
Source: trade finance global
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- Emergence of new marketplaces
That help SMEs build a credit history Helps assess creditworthiness That give access to alternative sources of financing
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- Monetization of collaterals through tokenization
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Supply Chain Financing
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Interesting opportunities, but…
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An evolution rather than a revolution
Gives more options and opportunities to SMEs
Won’t solve all problems
CONCLUSION
Thank you for your attention!
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