Eleven Banks Develop DLT-Based Trade Finance App

Eleven banks, including Bangkok Bank, BBVA, BNP Paribas, HSBC, ING and Mizuho, have developed a prototype application to streamline the processing of sight letters of credit and improve trade flows. Built on R3’s distributed ledger platform Corda, the application aims to drive greater efficiencies, reduce costs and simplify today’s existing processes. “Like so many of […]
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