Why now is the time to welcome digital negotiable instruments in trade finance

A year ago, most people hadn’t heard of artificial intelligence such as ChatGPT. Today, it’s rarely out of the news and is demonstrating its use cases across a wide range of business and educational scenarios. Global trade is undergoing similar radical transformation, both in terms of the digitisation of transactions and their storage on distributed ledgers. These enhancements to future-proof trading security and efficiency are being accelerated by legislative efforts from governments across the world, including in the United Kingdom, writes Dominic Broom, SVP working capital technology at Arqit.

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