TSXV:MHUB - Post Discussion
Post by
waves1 on Aug 10, 2022 6:23pm
Widespread adoption of digital trade to generate US$1.2T
In case you're still wondering about the significant impact that MHUB has the potential to usher in, read the Commonwealth's quantitative analysis on paperless trade: https://dcsa.org/newsroom/resources/paperless-trade-what-the-commonwealths-quantitative-analysis-tells-us/?utm_source=newsletter&utm_medium=email&utm_campaign=paperlesstrade&utm_content=
Highlights:
- Widespread adoption of digital trade documents could generate an additional US$1.2T in trade for Commonwealth member countries by 2026
- Exporters could reduce costs by around 75% on average
- Many shortcomings of the paper-based processes (ex. complex and slow)
- Digital trade could increase trade by around $90B
- Legal reform to support digitalization to add a $1.1T
MHUB's enterprise blockchain platform helps to reduce friction and create longevity in supply chain systems while mitigating issues caused by inflation and supply chain breakdowns by digitizing trade.
MHUB's recent contract with BHP, the largest global resource company, demonstrates the viability of a digital industry platform and marks a significant step towards digitizing trade
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