Today, trade finance is a key element in almost all cross-border trading. And, as supply chains become ever bigger and more complex, involving vast networks of partners, suppliers and third parties, it is more important than ever. Yet most trade finance remains paper-based, resulting in high-friction, low-efficiency processes that are often slow and cumbersome. Distributed Ledger technology has the potential to change all this, by automating digital business flows with smart contracts to facilitate seamless trade and unlock value flows between participants and consumers.