Hyperledger Global Forum 2021

The global coronavirus pandemic has put a spotlight on the urgent need to move away from paper documents in trade transactions. And while trade and trade finance transaction across the developing countries are still very much paper-based, the future of trade is digital. When developed countries make the shift to digital processing of trade and trade finance transactions, it will be up to development banks to ensure that local commercial banks across developing countries are not left behind! This session will present the results of the 2021 survey of the legal/regulatory readiness by the developing countries in the EBRD regions to embrace digitalisation in trade and trade finance as well as the intrinsic barriers to digital trade and the development of ecosystems to support digital solutions. This session will also offer ideas on the adoption of legal frameworks to enable digital trade.