Sep 4, 2020
Blockchain can shield banks from billion-dollar trade finance scandals, says exec Blockchain can help the trade finance industry prevent billion-dollar scandals and ease trade financing, says expert.
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Blockchain can shield banks from billion-dollar trade finance scandals, says exec Blockchain can help the trade finance industry prevent billion-dollar scandals and ease trade financing, says expert.
Blockchain can shield banks from billion-dollar trade finance scandals, says exec
Blockchain can shield banks from billion-dollar trade finance scandals, says exec
The pressure induced by the ongoing economic crisis, obsolete trade finance systems and mounting geopolitical tensions is pushing the international trade finance industry down a rabbit hole.
To add to the already critical situation, recent trade finance scandals involving major players such as Hin Leong, ZenRock, Agritrade and Hontop Energyamounted to a loss of almost $6 billion that was mostly…
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dltledgers’ Hyperledger-Based Blockchain Solution Facilitates $12M International Trade
dltledgers’ Hyperledger-Based Blockchain Solution Facilitates $12M International Trade
dltledgers, a Singaporean blockchain startup has announced that its Hyperledger Fabric-based blockchain solution has been used by Cargill, a global agribusiness corporation and Agrocorp, a leading integrated agricultural commodity and food solutions provider, to facilitate a $12 million export of wheat from North America to Indonesia, reports Jumpstart on April 16, 2020. dltledgers Blockchain ReachRead More
https://btcmanager.com/dltledger-hyperledger-blockchain-solution-12m-international-trade/?utm_source=Tumblr&utm_medium=socialpush&utm_campaign=SNAP
Abu Dhabi Commercial Bank Integrates Trade Finance Blockchain
Abu Dhabi Commercial Bank Integrates Trade Finance Blockchain
One of the UAE’s largest banks has adopted a blockchain bookkeeping platform of physical trade from Singapore-based firm dltledgers, according to Ledger Insights, September 3, 2019. The first transaction was the movement of goods worth $6.5 million from Canada to Bangladesh; this effectively makes Abu Dhabi Commercial Bank the first bank in the region toRead More
https://btcmanager.com/abu-dhabi-commercial-bank-trade-finance-blockchain/?utm_source=Tumblr&utm_medium=socialpush&utm_campaign=SNAP