Show simple item record

AuthorDahdal, Andrew
AuthorTruby, Jon
AuthorBotosh, Husam
Available date2021-02-24T08:07:49Z
Publication Date2020-01-01
Publication NameLaw and Financial Markets Review
Identifierhttp://dx.doi.org/10.1080/17521440.2020.1833431
CitationAndrew Dahdal , Jon Truby & Husam Botosh (2020) Trade finance in Qatar: blockchain and economic diversification, Law and Financial Markets Review, 14:4, 223-236, DOI: 10.1080/17521440.2020.1833431
ISSN1752-1440
URIhttps://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85096398709&origin=inward
URIhttp://hdl.handle.net/10576/17785
Abstract© 2020 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. Trade finance helps businesses deal with abnormal cash flows whilst managing counterparty risk and enhancing confidence in commercial transactions. It also allows parties to overcome trust barriers that may inhibit commercial activity in both a domestic and international commercial context. Globally, particularly among micro, small and medium enterprises (MSMEs), there exists a significant and widening unmet demand for documentary finance. Securing trade finance is laborious and time-consuming. For MSMEs, the trade finance application process alone, can be an insurmountable barrier that usually ends in rejection. By its nature, trade finance arrangements engage with decentralized stakeholders and diffused information sources across supply chains. Issuers and underwriters of trade finance instruments are required to draw on disparate elements of information, not merely during the application phase, but indeed throughout the life of a transaction. Blockchain technology is similarly decentralized and can capture information in a secure, transparent and immutable manner potentially improving and reinvigorating the trade finance space. As Qatar embarks on a strategy of widening its economic base away from a singular reliance on the hydrocarbon fuel sector, the introduction of blockchain technology holds the potential to overcome the transactional friction associated with trade finance. A more efficient and accessible trade finance sector will ultimately enhance the competitiveness of MSMEs whilst simultaneously fostering the growing FinTech sector in Qatar.
SponsorThis publication was made possible by the NPRP award NPRP11C-1229-170007 from the Qatar National Research Fund (a member of The Qatar Foundation). The statements made herein are solely the responsibility of the author.
Languageen
PublisherRoutledge
Subjectblockchain
Trade finance
Qatar
economic diversification
TitleTrade finance in Qatar: blockchain and economic diversification
TypeArticle
Pagination223-236
Issue Number4
Volume Number14
ESSN1752-1459
dc.accessType Open Access


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record