Ep404: Powering trade finance transactions with blockchain technology

Billy Sebell, Head of Ecosystem Development, XDC Network

Trade finance processes have been traditionally offline and myopic, precluding smaller business participants in remote locations who lack access to financial services. Fostering a decentralised, and peer-to-peer approach will expand accessibility to everyone, particularly SMEs who struggle to access the trade finance market. Billy Sebell, Head of Ecosystem Development at XDC Network, explains to IBSi’s Reporter Gaia Lamperti how the company executed one of the first NFT-based invoice financing trades, establishing a precedent for all future trade finance transactions.