Blockchain Trade Finance Deal Completed By Standard Chartered In Singapore

Announcements, Blockchain, Innovation | January 25, 2019 By:

Multinational banking and financial services firm Standard Chartered has completed its first blockchain-based cross-border trade finance transaction in Singapore.

The transaction, conducted on a blockchain platform developed by Distributed Ledger Technologies, involved digitally generating trade documents for Singaporean agri-commodities trader Agrocorp International for a shipment of chickpeas from Australia to the customer,