Blockchain can boost global trade by $1.1 trillion; WEF report

The World Economic Forum (WEF) has released data that reveals that blockchain would boost global trade by over one trillion dollars ($1.1T). Data is covered in a new whitepaper on blockchain titled the “Windows of Opportunity: Facilitating Trade with Blockchain Technology”. As the title suggests the report compiled in collaboration with the Inter-American Development Bank (IADB)the report covers various areas of opportunities in the blockchain sectors to facilitate global trading and financial systems. The report presents a comprehensive framework that would allow the users to implement blockchain technology and facilitate one window solution for their respective financial needs. The report