Promote transparency and trust in trade finance. All participants in the blockchain network have access to the same information, creating a shared and immutable ledger. This transparency eliminates information asymmetry, reduces disputes, and improves trust among parties involved in trade finance transactions.Smart contracts can be used to automate processes such as letter of credit issuance, document verification, and payment settlements. This automation reduces paperwork, manual errors, and the need for intermediaries, leading to faster and more efficient trade finance operations.