Browsing the "Trade Finance" Tag

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.

R3’s CordaCon Event Sees Big News, Packed Talks and Blockchain Converts

| Ian Allison

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

| 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.

Standard Chartered, Siemens Partner to Put Bank Guarantees on a Blockchain

| Daniel Palmer

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

| Wolfie Zhao

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

| 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.

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.

hsbc, bank

HSBC Exec Warns ‘Digital Islands’ Could Inhibit Blockchain Trade

| Ian Allison

Blockchains should do for the global value chain what shipping containers did for transport of goods, says HSBC trade finance expert Vinay Mendonca.