DBS and Standard Chartered to launch blockchain platform to curb trade finance f

[Dociko]

DBS and Standard Chartered will soon launch a trade finance platform for central banks worldwide. The Singapore-based multinational banking entity DBS and Standard Chartered have completed the proof-of-concept of their blockchain trade finance platform called the Trade Finance Registry.

The two entities developed the PoC in collaboration with 12 other banks on top of the blockchain platform of Singapore-headquartered company Dltledgers.

Dltledgers told Cointelegraph that the banks involved in the project now intend to launch the platform for commercial use by central banks around the globe.
Details: https://cointelegraph.com/news/dbs-and-standard-chartered-to-launch-blockchain-platform-to-curb-trade-finance-fraud