Impacts and issues in cross-border co-operation and global governance
      
    
    
      Blockchain technology is expected to drive digital transformation in the way businesses,
               governments and societies interact in the years ahead, including at an international
               level. This paper considers current and emerging uses of blockchain to strengthen
               beneficial economic ties between countries, including in trade and supply chain transparency,
               portable credentials for people and organisations, and business financing and capital
               formation. It also explores key concerns about blockchain’s impact on global rules
               and multilateral policy objectives, particularly around climate impacts and uses for
               illicit finance. The paper underscores the value of deliberate international co-operation
               to realise the beneficial cross-border applications of the technology and address
               international challenges, and highlights existing instruments and approaches, and
               identifies gaps and priorities, towards a more consistent and coherent international
               policy environment for responsible blockchain innovation.
               
               
            
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OECD
      
      
      
      
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