Grocery chain Dixy has partnered with a blockchain startup to greatly reduce the time it takes to pay suppliers
Bitfury, Tech Firm Mphasis Plan Blockchain Disruption in Trade Finance
Blackstone-owned IT firm Mphasis has partnered with blockchain tech firm Bitfury to automate and tokenize trade finance processes.
Over 50 Banks, Firms Trial Trade Finance App Built With R3’s Corda Blockchain
ABN Amro, Standard Chartered and around 50 other firms have participated in tests of Voltron, a trade finance platform built with R3’s Corda.
We.Trade Co-Founder Mancone Is Leaving the Enterprise Blockchain Firm
Roberto Mancone is leaving we.trade, the live trade finance blockchain platform which he helped grow into a legal entity comprising 14 banks.
Top 3 Japanese Bank to Roll Out Services on Marco Polo Blockchain
Sumitomo, Japan’s third-largest bank by total assets, will launch blockchain-based trade finance services in the second half of this year.
China’s Foreign Exchange Regulator Piloting Blockchain in Trade Finance
The agency that regulates and manages China’s foreign exchange reserves will trial a blockchain system addressing inefficiencies in cross-border trade.
Marco Polo Blockchain Built on R3’s Corda Sees First Live Trades
The first real transactions have been conducted on Marco Polo, a trade finance blockchain built on R3’s Corda platform.
Citi Scraps Its Plan for a JPM Coin-Like Bank-Backed Cryptocurrency
Several years back Citi tested a bank-backed cryptocurrency similar to JPMCoin. The lesson it learned? It’s easier to rely on SWIFT.
The First Live Enterprise Blockchain Sets Sights on Every Area of Global Trade
Trade finance DLT platform we.trade is seeking partnerships with other networks, with TradeLens and Tradeshift as prime candidates.
Chinese Bank Giants Tap Blockchain in Trade Finance Efficiency Boost
The China Banking Association, the country’s self-regulatory organization for the banking sector, has launched a new blockchain-based platform for trade finance.
Firm Owned by India’s Richest Man Turns to Blockchain for Trade Finance
Reliance Industries – owned by India’s richest person, Mukesh Ambani – has used blockchain to conduct its first trade finance transaction.
R3’s CordaCon Event Sees Big News, Packed Talks and Blockchain Converts
R3’s annual Corda event appeared to be in rude health this year, with packed presentations and some notable news announcements.
Blockchain Could Boost Trade Finance by $1 Trillion, WEF Research Says
Blockchain technology can help global businesses generate an extra $1 trillion in trade finance, according to World Economic Forum research.
PBoC-Backed Blockchain Trade Finance Platform Enters Test Phase
A blockchain trade finance platform spearheaded by the People’s Bank of China has entered the testing phase ahead of an official roll-out.
Standard Chartered, Siemens Partner to Put Bank Guarantees on a Blockchain
Multinational banking firm Standard Chartered is teaming up with manufacturing giant Siemens to put bank guarantees for trade finance on a blockchain.
Government-Backed Blockchain Trade Platform Launches in Singapore
A digital services firm owned by a Singapore government agency and a major port operator has launched a blockchain platform for cross-border trade.
Banks Take Sides as Blockchain Trade Finance Race Heats Up
NatWest, part of Royal Bank of Scotland, has joined Marco Polo, a blockchain consortium started by R3 and trade finance specialist TradeIX.
Hong Kong’s Blockchain Trade Finance Platform to Go Live By September
The Hong Kong Monetary Authority is poised to launch a live blockchain trade finance platform within two months.
Bankers Tout Trade Finance as the Sweet Spot for Blockchain
London’s Blockchain Summit heard banks weigh the possible savings blockchain could bring to global trade – as well as noting the pain points.
HSBC Exec Warns ‘Digital Islands’ Could Inhibit Blockchain Trade
Blockchains should do for the global value chain what shipping containers did for transport of goods, says HSBC trade finance expert Vinay Mendonca.