Can Blockchain revolutionize international trade?

The number of headlines claiming that Blockchain can revolutionize various areas of international trade, from trade finance to customs procedures and intellectual property, are legion. The transparent, decentralized and immutable nature of Blockchain has sparked the interest of private actors – and governments – to explore the potential of this technology to enhance the efficiency of trade processes, and a myriad of proofs of concepts and pilot projects using Blockchain have been developed in virtually all areas of international trade.