small business

Efforts to apply blockchain in the supply chain took an interesting turn last week. I'm speaking, of course, about a piece of news that at first seemed pretty ordinary: a group of European banks announced they would band together to develop a blockchain-based trade finance solution. This one, though, is unusual. Rather than tackle large-scale global transactions that cross oceans, the project focuses on intra-European trade, and, more importantly, between small- and medium-sized enterprises (SMEs). Why is this interesting? It's…