Search for: trade finance

China’s Foreign Exchange Regulator Piloting Blockchain in Trade Finance

| Daniel Palmer

The agency that regulates and manages China's foreign exchange reserves will trial a blockchain system addressing inefficiencies in cross-border…

Chinese Bank Giants Tap Blockchain in Trade Finance Efficiency Boost

| Yogita Khatri

The China Banking Association, the country’s self-regulatory organization for the banking sector, has launched a new blockchain-based platform for…

Firm Owned by India’s Richest Man Turns to Blockchain for Trade Finance

| Yogita Khatri

Reliance Industries – owned by India's richest person, Mukesh Ambani – has used blockchain to conduct its first trade finance transaction.

Blockchain Could Boost Trade Finance by $1 Trillion, WEF Research Says

| Wolfie Zhao

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

| Wolfie Zhao

A blockchain trade finance platform spearheaded by the People's Bank of China has entered the testing phase ahead of an official roll-out.

Banks Take Sides as Blockchain Trade Finance Race Heats Up

| Ian Allison

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

| Wolfie Zhao

The Hong Kong Monetary Authority is poised to launch a live blockchain trade finance platform within two months.

EU Regulator: DLT In Trade Finance Still Faces Legal Uncertainty

| Wolfie Zhao

The European Banking Authority published a report to raise public awareness of the benefits and risks associated with the use of DLT in finance.

ship, trade

Bankers Tout Trade Finance as the Sweet Spot for Blockchain

| Ian Allison

London's Blockchain Summit heard banks weigh the possible savings blockchain could bring to global trade – as well as noting the pain points.

Hong Kong Seeks to Widen DLT Use in Trade Finance

| Wolfie Zhao

Hong Kong's banking regulator is planning to widen its works on cross-border trade finance using distributed ledger technology.

Hong Kong Seeks to Widen DLT Use in Trade Finance

| Wolfie Zhao

Hong Kong's banking regulator is planning to widen its works on cross-border trade finance using distributed ledger technology.