WTO LAUNCHES NEW PUBLICATION: “CAN BLOCKCHAIN REVOLUTIONISE INTERNATIONAL TRADE?”

On 3rd December, BIFA reported that the World Trade Organisation has published a new book which contains a basic explanation of the Blockchain technology and goes on to analyse the relevance of its relevance for trade facilitation by reviewing its current and potential application in the various areas covered by WTO rules.  It provides an insight into the extent to which the Blockchain technology could affect cross-border trade in goods and services and in intellectual property rights.  It also discusses various challenges to the wider and more significant impact of Blockchain on international trade.  It argues that the transportation and logistics sector constitutes a fertile ground for Blockchain implementation due to the high number of actors involved and could be deeply transformed.

https://www.bifa.org/news/articles/2018/dec/wto-analyses-potential-impact-of-blockchain-on-internetional-trade?l=y

The publication is available at –

https://www.wto.org/english/res_e/publications_e/blockchainrev18_e.htm

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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