IN 100 WORDS
Blockchain has the potential to fundamentally change the treasury function at corporates. This technology is still largely a grey area for many corporate treasurers.
Today’s business environment for international active corporates can be highly complex from a treasury point of view. Treasurers thereby face various challenges.
Blockchain technology could fundamentally affect the various areas of corporate treasury.
The potential applications of blockchain technology for the treasury may range from cash management and correspondent banking, to trade finance and documentation, supply chain management, commodity financing and account opening.
Blockchain may bring various benefits. These may range from improved liquidity management, quicker transfer of payments, improved risk management, lower trading costs and much greater efficiency.
Read the full article on Blockchain for the Corporate Treasurer by Caro de Meijer here.
Carlo de Meijer
Economist and Senior Researcher