World's Biggest Mining Firm Makes First Ore Trade on a Blockchain
BHP has completed its first trial trade transaction of iron ore with China's Baosteel using blockchain technology.
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Jun 29, 2020 at 10:01 a.m. UTC
Jun 29, 2020
Trade Finance
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MakerDAO Weighs Accepting Real-World Assets as Crypto Loan Collateral
Decentralized finance may soon boast a real-world use case as MakerDao considers accepting freight invoices as collateral for dai loans.
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Jun 4, 2020 at 7:30 p.m. UTC
Jun 4, 2020
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IBM Takes 7% Stake in Trade Finance Blockchain Network We.Trade
IBM has become a shareholder in we.trade, the blockchain-based trade-finance platform jointly owned by 12 European banks.
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May 21, 2020 at 4:00 a.m. UTC
May 21, 2020
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Standard Chartered Claims First Yuan-Based Letter of Credit Issued on a Blockchain
The bank said the blockchain letter-of-credit transaction – between mining giant Rio Tinto and Chinese firm Baosteel – was the first to be denominated in yuan.
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May 13, 2020 at 1:00 p.m. UTC
May 13, 2020
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Vietnam's HDBank Taps Blockchain Network to Streamline Bank Credit for Corporates
The bank has signed on to a blockchain-based trade finance network from Contour with the aim of bringing corporate settlements into the digital realm.
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May 8, 2020 at 10:19 a.m. UTC
May 8, 2020
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China Injects $4.7M Into Central Bank's Blockchain Trade Finance Platform
Thirty-eight banks have started using the platform since it entered the test phase in September 2018.
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Mar 9, 2020 at 1:10 p.m. UTC
Mar 9, 2020
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Accenture Will Board Corporates Onto Marco Polo Shipping Blockchain
Accenture plans to help TradeIX create new use cases beyond banking for buyers and sellers within trade finance after backing the Marco Polo tech partner.
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Dec 17, 2019 at 7:00 a.m. UTC
Dec 17, 2019
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BNY Mellon Aims to Go Live 'ASAP' on Trade Finance Blockchain Marco Polo
Bank of New York Mellon has joined the Marco Polo trade finance consortium running on R3’s Corda, becoming the 28th bank to do so.
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Nov 26, 2019 at 1:00 a.m. UTC
Nov 26, 2019
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DBS Bank Partners With Singapore Government to Launch Blockchain Trade Platform
Asian banking giant DBS and multinational commodity trading firm Trafigura Group are tapping blockchain to facilitate global trade.
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Nov 8, 2019 at 8:00 a.m. UTC
Nov 8, 2019
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Japan's Third Largest Bank Completes Blockchain Trade Finance Test
The third largest bank by assets in Japan, is set to begin utilizing R3's Marco Polo trade finance blockchain on a commercial basis by the end of 2019.
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Oct 22, 2019 at 5:00 a.m. UTC
Oct 22, 2019