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,

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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.

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