Plans for a new blockchain 'living laboratory' will help explore real opportunities at the interface between the supply chain and finance, says Michiel Steeman.
A team from McGill University of Canada has won the 2018 Championship in the worldwide supply chain finance simulation game organised by the SCF Community.
Evidence that modern-day slavery and child labour are still common has seen a focus on combining technology and the financial supply chain to eradicate unethical practice.
China’s fifth SCF Innovation Summit was held in Shenzhen on March 30. Last year saw the government release its first policy paper and focus on supply chain finance.
The self-styled “social network for businesses” believes emerging technologies will transform supply chains and says its innovation incubator is open to all.
This year’s SCF Observatory conference included a focus on innovative new SCF solutions, whose dynamism is challenging invoice discounting and factoring.
The fintech is partnering with HSBC, Santander and other global banks to “attack a $9 trillion global commerce problem”.
The Indian IT giant and seven of the country’s banks are developing a trade and supply chain finance network called India Trade Connect.
The German bank says the initiative with SAP and R3 represents a first step towards enhancing the supply chain network for businesses.
The increasing use of the new technology suggests it could be successfully adopted for supply chain finance across various industries.