1 Matching Annotations
- Sep 2019
Trade finance has seen more successful blockchain pilots than other use cases, but will historically conservative banks have the same risk appetite to move from testing to full-scale production? Where is this data coming from? Start your free trial today EmailWhere is this data coming from? Start your free trial today Email As trade wars intensify, banks are looking to blockchain as a way to streamline international trade transactions. Historically inundated with paper trails and inefficiencies, banks and regulators worldwide are teaming up to digitize the trade financing process. HSBC, Standard Chartered, and others belong to a range of consortia that have had successful pilots using distributed ledger technologies (DLT) to process live trade finance transactions.