Trade Finance
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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Asian Development Bank Report Suggests That Blockchain Can Help SMEs Gain Funding
Digital innovation and in particular blockchain technology can increase small business access to finance, according to a new study by Asian Development Bank. In a report, titled Fintech for Asian SMEs, ADB explores how technologies such as distributed ledger technology
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Standard Chartered Completes Blockchain Trial with Thailand’s Oil Giant Using Voltron
The use of blockchain for trade finance is often one of the most cited potential use case for technology, with some sources claiming that using blockchain to remove the bottlenecks could potentially increase global trade volumes by US$1.1 trillion by
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Millions of Durians Will Be Tracked on the Blockchain for Thailand’s Largest Durian Exporter
DiMuto has closed a deal with Queen, Thailand’s largest durian exporter and producer to track durians on the blockchain. DiMuto will tag, track and trace around four million fresh durians from Thailand to China, Japan and other parts of Asia.
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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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