Digitalization of global trade is a journey that to some extent
has an inevitable destination. Like the introduction of the first
machines into the textile industry in 19th century Britain, the
shock of change, perhaps even the impact on labour may cause voices
of dissent to be heard alongside the cheerleading for modernisation
and scalable efficiencies.
One thing is certain, however, and that is the general direction
of travel which will almost certainly "commoditise"
further the commodities and other international trade sectors by
introducing transparency, standardisation of contractual terms and
demystification of the art of negotiating and executing at least
some aspects of the international sale, movement and payment of
goods and services.
