Trade Finance

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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Blockchain to Improve Trade Finance

Trade finance, where financial institutions provide credit facilities in order to guarantee exchange of goods, is a centuries old industry that is hampered by challenges such poor customer experience, increasing cost pressure and substantial regulatory burden. With its manual, cumbersome

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Wirecard Launches Supply Chain Payment Platform Based on Blockchain

Wirecard is expanding its B2B portfolio with services based on blockchain. The blockchain forms the basis for a highly efficient global network. For example, between producers and processors of raw materials such as coffee, crude oil or steel – markets

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Li Wangjian, CEO of UQPAY: Blockchain Technology Is Reshaping Supply Chain Finance

The concept of blockchain emerged in 2016 and was popularized in the latter half of 2017, along with the rapid rise of bitcoin, and then declined due to the crackdowns on ICO and virtual digital currency trading by the Central

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Singapore: World’s First Blockchain-Based e-Certificate of Origin

The world’s first blockchain-based platform for electronic certificates of origin was unveiled in Singapore to industry leaders by the Singapore International Chamber of Commerce (SICC) and Singapore based cross-border trade facilitation solutions provider vCargo Cloud. As the first chamber in

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EY, Guardtime and Industry Participants Launch the World’s First Marine Insurance Blockchain Platform

EY and Guardtime announce the world’s first blockchain platform for the marine insurance sector. The platform launches in collaboration with A.P. Møller-Maersk A/S, ACORD, Microsoft, MS Amlin, Willis Towers Watson and XL Catlin and after a 20-week proof of concept.

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