There are some news from the sphere of decentralized technologies. This time the attention of WTO is paid on the blockchain.

According to the recent report of World Trade Organization (WTO), using of blockchain technology can change international trade within 10–15 years. The report also notes, that this can happen only if there will be favourable conditions for active development.

Taking into account the blockchain’s potential, Technotec team is sure that such conditions will be created. Nowadays worldwide there is a tendency of positive attitude and what is more important of the development of new technologies. It can be noticed, that private companies and social organisations, software researchers, scientists, governmental and intergovernmental organisations, located in different places start to introduce blockchain technology in their business activity.

Speaking about the WTO report, the following point can also be quoted “While destroying various barriers, existing between the participants of cross-border trade operations, blockchain can take trade’s globalization to the next level”.

So, it is clear, that even in the sphere of international trade (in various sectors) blockchain can take it to the next level: create standardized, but smart technological ecosystem.

Nowadays without any exaggeration, it can be said that every company, every man becomes a direct participant of radical technological changes in all spheres of life.