Global Trade & Blockchain Forum
Parties involved in international trade are looking with growing interest at blockchain technology1 as a means to facilitate international trade transactions. Pioneers in the field have put forth a variety of proofs of concept and use cases. However, oftentimes, these projects and applications follow a siloed and disconnected approach leading to fragmentation between systems and networks. Given blockchain’s potential but also current barriers to its widespread application, including lack of alignment of key stakeholders, appropriate legal structures, uncertain and evolving regulatory frameworks or absence of common standards and terminologies, practical guidance is needed to identify where and how blockchain can add value to international trade and supply chains.
The current platform provides a forum for a multi-stakeholder dialogue to discuss the practical and legal implications of blockchain for international trade.
The Global Trade & Blockchain platform convenes an open online dialogue among multilateral and regional institutions, think tanks, business associations, governments, consortia/platforms and businesses from around the world already applying or interested in blockchain technology to share use cases, exchange good practices, and provide concrete ideas, tools and solutions to ensure blockchain works for business and has the necessary policy environment. The platform provides a forum to assess elements in the blockchain ecosystem that work well, elements that should be improved/newly developed and what should be addressed by the international trade community to deal with challenges related to blockchain.
Participants can submit issues to be addressed, by 1 September 2019, to email@example.com
The purpose of the platform is to convene a dialogue between the various actors working on blockchain and international trade to:
1. Exchange information and experience, and share use cases onblockchain projects related to international trade. Primary areas of focus include: trade facilitation/border procedures; trade in services, with a particular focus on trade finance, transportation and logistics, and transport insurance; and intellectual property.
2. Assess elements in the blockchain ecosystem that work well, elements that should be improved/newly developed and what should be addressed by the international trade community to deal with the challenges that blockchain raises.
3. Help design solutions to ensure that blockchain works for businessand governmentsand has the necessary policy environment to be an impactful tool in addressing international trade challenges.
4. Develop recommendations or draft policy papers to help drive action.
Various discussion streams will be launched to look at issues of interest to participants. Stakeholders interested in participating in the discussions are invited to login.
This platform is an initiative of ICC and the WTO, with the UN/CEFACT and WCO as strategic partners.
1 the term blockchain is subsequently used in its generic term to refer to DLT. Technically speaking, however, blockchain is only one type of DLT, one that combines transactions in blocks and links them in a linear way – as a chain.