Research: Blockchain Will Increase Global Trading Volume by $1 Trillion by 2028

Home / Research: Blockchain Will Increase Global Trading Volume by $1 Trillion by 2028

A research done by the World Economic Forum suggests that the development of distributed ledger technology (DLT) will help increase the volume of world trade by $1 trillion in just ten years. “The distributed ledger and other technological innovations provide revolutionary advantages in trade and supply due to cost reduction and ease of use,” the researchers noted. According to the calculations of the Asian Development Bank, the current deficit in financing world trade is $1.5 trillion, and by 2025 it will increase to $2.4 trillion. Researchers emphasize that the main problem lies in the limited access of business to loans and credits in emerging markets.

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