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Research Article
blockchain- based trade finance platforms cut transaction Financial Stability Board (FSB). (2023). Cybersecurity
periods from weeks to days. Although significant progress Challenges in Digital Finance: Addressing Emerging
has been made in trade finance through technology Threats. FSB Publications. Retrieved from
innovations major challenges remain in place including https://www.fsb.org
cybersecurity threats together with regulatory uncertainty International Chamber of Commerce (ICC). (2023).
and serious data privacy concerns. To solve existing
Blockchain in Trade Finance: Trends and Adoption. ICC
problems policymakers and financial institutions need to
Publishing. Retrieved from https://www.iccwbo.org
work together with technology providers to develop
standard global regulations. Trade finance will likely Lagarde, C., & Adrian, T. (2023). The Future of Digital
experience additional changes from quantum computing Currencies in Trade Finance: Opportunities and Risks.
and decentralized finance (DeFi) technologies as they International Monetary Fund. Retrieved from
emerge in the industry. The pursuit of secure and https://www.imf.org
Manyika, J., Silberg, J., & Presten, B. (2023). AI in Financial
efficient financial services with full inclusion demand
ongoing research and regulatory support alongside Services: Transforming Risk Management and Fraud
cybersecurity investments. Detection. McKinsey Global Institute. Retrieved from
https://www.mckinsey.com
OECD Digital Economy Division (Smith, T., & Johnson,
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