Today the International Chamber of Commerce (ICC) will
announce the ICC Blockchain/DLT Alliance. It’s forming a relationship with tokenized blockchain startup Perlin, which has yet to launch its blockchain network. The alliance aims to support supply chains and cross-border trade finance. The ICC will introduce its members to the Alliance, helping attract users to the Perlin platform.
Perlin looks interesting at a technical level. But we highlight some caveats below.
The ICC is the umbrella body for Chambers of Commerce in 130 countries that represent 45 million businesses globally. Both the ICC and local Chambers of Commerce play crucial roles in trade. For example, when goods arrive for customs clearance, a Certificate of Origin is required, and local Chambers of Commerce issue these certificates. The ICC runs a major dispute arbitration service, is involved in standards setting for trade and is part of a Global Alliance for Trade Facilitation.
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