While cross-border trade is still synonymous with paperwork, the development of blockchain, advanced robotics, and the Internet of Things presents a profound shift for the future. Blockchain, while still not deployed at an industrialised scale, will begin to streamline business efficiency for global importers and exporters; reducing costs, increasing productivity, and driving economies over the next decade.
In 2007, only 21% of the world's population had access to the Internet. Now more than 47% of people, even in remote areas, are online. With more consumers gaining access to virtual market places, and an emerging global middle class, we will see growth in trade volumes.