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Quest to digitize Trade Finance has continuously failed... until now A problem which until recently could not be solved... Driver of the Trade Finance Gap today Many different parties loosely connected UBS Different means of data storage & exchange Slow step-by-step transaction III until the prevalence of Distributed Ledger Technology (DLT) Blockchain resolving 'unresolvable' aspects Governance of Equality Single Source of Truth Smart Contracts Redundancy & Resilience 3

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