Blockchains should do for the global value chain what shipping containers did for transport of goods, says HSBC trade finance expert Vinay Mendonca.
Bangkok Bank has joined the Marco Polo trade finance initiative developed by blockchain startup R3 and trade finance technology firm TradeIX.
IT giant Infosys has built a blockchain-based trade finance platform involving seven Indian banks including ICICI and Axis.
HSBC and ING have performed a claimed world-first trade finance transaction on a single blockchain system for agri-food firm Cargill.
After years of tests and concepts, enterprise blockchain may be having a breakthrough moment, with several notable trials in trade finance advancing.
The Batavia blockchain trade finance platform has completed a pilot that conducted live cross-border transactions involving corporate clients.
Indian private bank ICICI Bank has on-boarded more than 250 corporate firms to undertake trade finance transactions on blockchain network.
Blockchain startup R3, trade finance tech provider TradeIX and major banks have moved their Marco Polo trade finance platform to the pilot stage.
Think 2017 was a fluke? Not according to blockchain advisor Oliver Bussmann who makes the case next year will see further growth.
A senior Hong Kong treasury official has said blockchain could bolster China's ongoing efforts to significantly expand its trade capabilities.