EBN - Veena Gundavelli - Harness Big Data, Artificial Intelligence, & Blockchain for Trade Finance

Today, consumers can quickly order the product they want from their mobile devices or digital assistants (such as Amazon Alexa). These technologies have drastically reduced the time from impulse to buying for a consumer. However, the trade finance and international supply chain that is critical to completing the fulfillment cycle has not yet caught up with the pace of our digital consumers. It is complex, slow, and ripe for digital disruption -- 200 documents including contracts, customs clearance, and shipping are involved and exchanged among the supply chain entities, according to Maersk, the global transportation and logistics giant. Disruption is here: the confluence of three digital technologies -- big data, artificial intelligence, and blockchain -- have the potential to drastically reduce the complexities of trade finance and international supply chains.