HSBC makes first trade finance transaction using blockchain
The three stakeholders used the Codra platform to produce a letter of credit for a shipment from Argentina to Malaysia last week. All the sides lauded the benefits of the method, foreshadowing its more frequent deployment in the future
Documentation exchange took 24 hours to complete compared with the five to ten days needed in traditional transactions
If content does not display, please refresh your browser.
Not a subscriber?
Find out about tailored subscription packages:
T: +44 (0) 20 3377 3792