Standard Chartered Pilots Blockchain Smart Guarantees In Trade Finance

Blockchain, News | August 29, 2018 By:

Multinational banking and financial services firm Standard Chartered is devloping an end-to-end blockchain-based smart guarantees proposition in trade finance.

Standard Chartered, in collaboration with Siemens Financial Services and blockchain startup TradeIX, aims to fully digitize the processes involved in bank guarantees business – from initiation of the bank guarantee to the claim handling.