Smart Contracts Could Change How Global Trade Works

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The new pilot integrates trade obligations, settlement rules, and financing into a single system that executes automatically. Payments are only released when predefined conditions are met, reducing risk and improving trust between parties.

This approach could be especially valuable for smaller businesses, giving them better access to trade finance and reducing reliance on complex intermediaries. It’s a step toward a more automated and inclusive financial system.

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reducing reliance on intermediaries could lower costs, but new forms of technical and governance risk are introduced