Search for: trade finance

Russian Retailer Dixy Using Ethereum Tech to Streamline Trade Finance

| Anna Baydakova

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

| Yogita Khatri

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

| Yogita Khatri

ABN Amro, Standard Chartered and around 50 other firms have participated in tests of Voltron, a trade finance platform built with R3's Corda.

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.