Trade Finance

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More