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Blockchain Experiment Could Change Trade Finance

Digital ledger replaces long-winded paper trail for 88 bales of cotton sailing to China.

By Emily Cadman, Bloomberg | Updated on October 24, 2016

When the Marie Schulte rounds the breakwater off the Chinese port of Qingdao in early November, bankers on two continents will be watching anxiously.

In particular, they’ll be focused on 88 bales of cotton worth approximately $35,000 that the container vessel is carrying — not because of the value of the goods, but because of the technology attached to the shipment.

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