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Trade Finance
Firm Owned by India's Richest Man Turns to Blockchain for Trade Finance
Reliance Industries – owned by India's richest person, Mukesh Ambani – has used blockchain to conduct its first trade finance transaction.
R3's CordaCon Event Sees Big News, Packed Talks and Blockchain Converts
R3's annual Corda event appeared to be in rude health this year, with packed presentations and some notable news announcements.
Blockchain Could Boost Trade Finance by $1 Trillion, WEF Research Says
Blockchain technology can help global businesses generate an extra $1 trillion in trade finance, according to World Economic Forum research.
PBoC-Backed Blockchain Trade Finance Platform Enters Test Phase
A blockchain trade finance platform spearheaded by the People's Bank of China has entered the testing phase ahead of an official roll-out.
Standard Chartered, Siemens Partner to Put Bank Guarantees on a Blockchain
Multinational banking firm Standard Chartered is teaming up with manufacturing giant Siemens to put bank guarantees for trade finance on a blockchain.
Government-Backed Blockchain Trade Platform Launches in Singapore
A digital services firm owned by a Singapore government agency and a major port operator has launched a blockchain platform for cross-border trade.
Banks Take Sides as Blockchain Trade Finance Race Heats Up
NatWest, part of Royal Bank of Scotland, has joined Marco Polo, a blockchain consortium started by R3 and trade finance specialist TradeIX.
Hong Kong's Blockchain Trade Finance Platform to Go Live By September
The Hong Kong Monetary Authority is poised to launch a live blockchain trade finance platform within two months.
Bankers Tout Trade Finance as the Sweet Spot for Blockchain
London's Blockchain Summit heard banks weigh the possible savings blockchain could bring to global trade – as well as noting the pain points.
HSBC Exec Warns 'Digital Islands' Could Inhibit Blockchain Trade
Blockchains should do for the global value chain what shipping containers did for transport of goods, says HSBC trade finance expert Vinay Mendonca.
