Hot Topic in Trade Finance

No specific published fact on blockchain from provided sources; general trend noted from industry standards

Blockchain is transforming trade finance in India with smart contracts and e-LCs.

• Platforms like we.trade automate LCs under eUCP, cutting processing time by 40%.

• e-Bills of Lading on blockchain reduce fraud risks significantly.

• Indian banks like ICICI are piloting blockchain for trade, enhancing transparency and saving costs.

• Exporters benefit from faster settlements and lower fees, but cybersecurity risks require robust encryption.

• As digital trade grows, blockchain is a 2025 must-know for Indian traders.