Trade Finance

UnionBank-IBM Blockchain Venture Seen to Revolutionize Trade Finance in Philippines

UnionBank of the Philippines has set its eyes on revolutionising the supply chain finance in the Philippines through its tie-up with tech giant IBM. IBM Philippines chief technologist Lope Doromal Jr disclosed that UnionBank and IBM are working on a

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IBM’s Blockchain is Being Used to Ship Mandarin Oranges This Chinese New Year

Pacific International Lines has used an electronic Bill of Lading (e-BL) built on the IBM Blockchain Platform in a successful real-time pilot tracking shipment of mandarin oranges from China for the Lunar New Year celebrations. With the use of IBM

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Blockchain in Trade Finance: Arguably the Hottest Banking Trend Right Now

In the journey to digitalizing trade, blockchain and distributed ledger technology (DLT) have emerged as powerful technologies promising to bring tremendous new opportunities for trade finance. At the 2018 Singapore Fintech Festival, experts discussed the many opportunities that blockchain brings

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Blockchain Needs a Super-Connector to Live up to Its $1.1 Trillion Trade Finance Promise

Blockchain has the potential to radically transform trade finance by erasing current bottlenecks and streamlining international trade transactions. The technology could potential increase global trade volumes by US$1.1 trillion by 2026, from the current base of US$16 trillion, according to

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Samsung Joins Global Team Up to Create Yet Another Logistics Blockchain Project

There is still a lot of space in the logistics sector to use digitisation to achieve more transparency and, particularly, more efficiency. This is perhaps why the field of logistics has been of particular interest for companies across the globe, with

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Accenture and Digital Ventures Launches Blockchain Solution Built on R3

Accenture and Digital Ventures a fintech subsidiary of Siam Commercial Bank, have co-developed and launched a blockchain solution aimed at simplifying the way companies buy and sell goods, make and receive payments, and obtain financing. The solution is described as

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EximChain Aims to Bring the Global Supply Chain on the Blockchain

Eximchain, a blockchain solution for supply chains will be launching it’s mainnet this October. For the uninitiated that means it’ll be moved from testing environment to a production environment. Founded in the Massachusetts Institute of Technology (MIT) in 2015, Eximchain’s

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The Potential of Blockchain for Trade and Value Chains

Distributed ledger technologies (DLT) are set to play a critical role in reducing the worldwide trade finance gap, lowering barriers and improving processes, according to a new study by the World Economic Forum (WEF) and Bain & Company titled Trade

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Standard Chartered to Pilot Blockchain-Based Smart Guarantees in Trade Finance

Standard Chartered announced today a collaboration with Siemens Financial Services, the financing arm of Siemens, and TradeIX, a digital trade provider, to carry out an industry-first client pilot to create an end-to-end blockchain-based smart guarantees proposition in trade finance. With

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Commonwealth Bank Completes New Blockchain-Enabled Global Trade Experiment

Seventeen tonnes of almonds have successfully been shipped and tracked from Sunraysia in Victoria, Australia, to Hamburg in Germany in a blockchain-based collaboration between Commonwealth Bank and five Australian and international supply chain companies. Commonwealth Bank demonstrated a new blockchain

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