WhitePaperWindowsofOpportunity:FacilitatingTradewithBlockchainTechnologyJuly2019©WorldEconomicForum2019–AllrightsreservedNopartofthispublicationmaybereproducedortransmittedinanyformorbyanymeans,includingphotocopyingandrecording,orbyanyinformationstorageandretrievalsystem.Theviewsexpressedarethoseofcertainparticipantsinthediscussion,anddonotnecessarilyreflecttheviewsofallparticipantsoroftheWorldEconomicForum.REF180118-case00040020ContentsThiswhitepaperhasbeenpublishedbytheWorldEconomicForumasacontributiontoaproject,insightareaorinteraction.Thefindings,interpretationsandconclusionsexpressedhereinarearesultofacollaborativeprocessfacilitatedandendorsedbytheWorldEconomicForum,butwhoseresultsdonotnecessarilyrepresenttheviewsoftheWorldEconomicForum,northeentiretyofitsMembers,Partnersorotherstakeholders.Preface3Introduction4Stateofsinglewindows5Benefits5Painpoints7Potentialuse-caseswithblockchain10Challenges11Use-cases11Guidelinesforoperationalizinguse-cases15Nextsteps19Appendix20Acknowledgements21Endnotes223WindowsofOpportunity:FacilitatingTradewithBlockchainTechnologyTheFourthIndustrialRevolution,drivenbyrapidtechnologicalchangeanddigitization,ishavingaprofoundimpactonglobaltrade.Byapplyinginnovativenewtechnologiestotrade,“TradeTech”promisestoincreaseefficiency,driveeconomicdevelopmentandgrowinclusivity.However,challengesanduncertaintiesremainonthepolicygovernanceofTradeTech.Public-privatepartnershipsareneededtomaximizethebenefitsandmitigatethepotentialdownsidesofapplyingnewtechnologiestoglobaltrade.BuildingonglobaldevelopmentsandaspirationsforTradeTech,theWorldEconomicForum’sCentrefortheFourthIndustrialRevolution,throughitsDigitalTradeteam,collaboratedwiththeInter-AmericanDevelopmentBank(IDB)tolaunchanewproject.Thisprojectaimstoguidepublic-sectorstakeholderstomakeinformeddecisionsaboutusingemergingtechnologiestofacilitatetrade,driveeconomicdevelopmentandimprovecompetitiveness–particularlyinthecaseofblockchaindeploymentintradesinglewindows.Givenitsprioritizationo...
