Blokchain and Trade Finance news.
Trade Finance
Contour and DBS Ties up in a Push for Blockchain Trade Finance
Contour, the blockchain trade finance network that’s formerly known as Voltron has partnered with DBS Bank to push the digitalisation of trade finance with the completion of the network’s first fully digital end-to-end secured Letter of Credit (LC) between Nanjing
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How Blockchain Is Bringing Transparency and Improved Efficiencies in Seafood Value Chains
Blockchain technology, one of the most discussed technologies of the past couple of years, is set to substantially transform the traceability landscape and stakeholder behavior along the value chain in fisheries and aquaculture, according to a new report by the
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SMU and Tradeteq to Develop Quantum Computing Credit Scoring for Trade Finance
Singapore Management University (SMU) and Tradeteq will be embarking on a project which aims to develop quantum computing-based credit scoring methods for companies. This project is supported by the Monetary Authority of Singapore under the Financial Sector Technology & Innovation
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ICC’s Digital Trade Standard to Promote Blockchain Interoperability
ICC has launched the Digital Trade Standards Initiative (DSI) – a collaborative cross-industry effort to enable the standardisation of digital trade. The ICC Digital Trade Standards Initiative (DSI) will build on work done by various like-minded initiatives, many of which
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Singapore’s New Digital Trade Platform Sees First Transaction from DBS and Audi
Advancing Singapore’s trade digitalisation agenda, DBS Bank, in collaboration with Audi Singapore (Audi) and Audi’s local distributor, Premium Automobiles (Premium), completed the first trade financing transaction on Singapore’s Networked Trade Platform (NTP). The inaugural trade relates to a SGD3.5 million
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DBS and IMDA to Launch Open-Sourced Blockchain Trade Platform
To leverage Singapore’s global trade connectivity, DBS Bank and Trafigura, in collaboration with Infocomm Media Development Authority (IMDA), the International Chamber of Commerce (ICC), Enterprise Singapore and tradetech Perlin, have come together to develop an open-sourced blockchain trade platform to
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CIMB Singapore Rolls Out Blockchain Trade Financing with iTrust
CIMB Singapore and iTrust today announced that they have successfully completed their first structured trade financing transaction on iTrust’s Blockchain and Internet of Things (IoT) platform. The transaction involves the financing of dairy products imported into China and is expected
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Tradeteq’s Credit Scoring System Goes Live on Singapore’s National Trade Platform
Tradeteq, the technology provider for the global trade finance market, has launched its machine-learning driven credit scoring system for institutions using Singapore’s National Trade Platform (NTP). The NTP is a digitalised national trade information management platform backed by the Singaporean
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DBS Launches Multi-Tier Financing Facility Blockchain Platform in China
DBS Bank today announced its first multi-tier financing facility on a logistics blockchain platform named Rong-E Lian, to help small and medium-sized enterprises (SMEs) in China get faster access to trade financing. Developed in partnership with a leading Chinese logistics
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Refinitiv’s Eikon Auctions Facilitated US$ 1 Trillion in Transactions for Central Banks
Refinitiv recently reached a key milestone for its Eikon Auctions service, having helped facilitate over $1trillion for its central bank and large corporate customers. Central Bank auctions in developed, emerging and frontier markets are critical for managing currency flows, primary
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