Blockchain technology can address settlement delays in international trade by enabling faster, transparent, and secure transactions. Traditional trade finance relies on intermediaries, paperwork, and manual processes, often causing delays of days or weeks. Blockchain’s decentralized ledger ensures real-time transaction recording, reducing processing time. Smart contracts automate payment terms, triggering instant settlements upon meeting conditions, like delivery confirmation. This minimizes disputes and enhances trust among parties. Platforms like IBM’s TradeLens and we.trade leverage blockchain to streamline trade processes, cutting settlement times significantly. Additionally, blockchain reduces fraud risks and lowers costs by eliminating intermediaries. However, challenges like regulatory alignment and adoption barriers remain. With scalable solutions and global standards, blockchain can revolutionize trade settlement efficiency.