Procurement specialist Bertrand Maltaverne explains why blockchain has tremendous value to offer by creating 'digital trust' in data and relationships.
Deutsche Bank, HSBC, Rabobank and KBC in consortium that is commissioning IBM to help build blockchain-based trade finance platform for SMEs.
The Inclusive SCF (iSCF) event in Franfurt hears that blockchain had been successfully trialled for inventory finance by ABN AMRO, logistics firm NBK and tech firms.
Financial services arm of iPhone maker Foxconn partners with Chinese lender Dianrong to launch a blockchain-based supply chain finance platform.
Innovative fintechs have been disrupting financial services for years. Blockchain's 'shared ledger' technology will prove its worth in SCF, says Erik Hoffman.
IBM has been exploring the use of blockchain in dispute resolution, according to the company's vice president of blockchain technologies, Jerry Cuomo, in a recent interview with Forbes.
Bank of Tokyo Mitsubishi (BTMU) partners with Hitachi to develop a blockchain-based system for electronic cheques. Future developments may go beyond payments into supply chain finance.
Seven banks have revealed ‘proof of concept’ testing for the use of blockchain technology in supply chain and trade finance, according to Deloitte. “Because current paper systems drive US$18 trillion in transactions per year, there’s an attractive opportunity to decrease costs and improve reliability in supply chain and trade finance,” says the firm. At least [...]