In a joint report by the world economic forum (WEF), it was stated that the technology of distributed registers, such as the blockchain, in the next ten years to increase world trade by $ 1 trillion.
The report, entitled “Technology trade – new century financial, and logistics technologies”, published in collaboration with Bain & Company, talks about the prospects of DLT in the global Finance industry.
The Finance sector continues to rely on outdated technology, and is currently undergoing modernization thanks to the use of blockchain technology.
The technology of distributed registries and other technological innovations promise innovative achievements in the field of Finance, trade and logistics. These technologies will significantly reduce costs and simplify operations.
WEF and Bain believe that new technologies can help close the current deficit funding of $ 1.5 trillion.
Through the use of a DLT, the volume of international trade will increase by about 30% or 1.1. With 40% or 0.9 trillion dollars will pass from the realm of traditional Finance.
EEF also believes that the new technology will affect government, even such large enterprises as the European Union.
Some governments are already beginning to take steps to adapt this technology. The stronger will be remaining the States that currently no attempt to regulate the application and use of new technologies.