Wednesday, March 22, 2023

A proliferation of platforms …

By DAC000 , in Blockchain BNP Paraibas Citibank HSBC Trade Finance , at March 2, 2020 Tags: , , , ,

A consortium of some eight global banks, including HSBC, BNP Paraibas and Citibank, are launching a Blockchain based platform supporting trade finance.  The curious thing is such platforms are not only already common in Asia – no fewer than four are mentioned in this article – but the member banks often overlap. About a two-minute read.

Comment: the wide scale acceptance and deployment of Blockchain in this little known corner of international trade is very surprising; while everyone was waiting for Blockchain’s USP, here it is. Right where it’s always been. Since 2018.